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I made a spreadsheet of the results for the criteria highlighted...

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PhillW

2,980 Posts.

1092

10/07/24

21:27

Post #: 74698189
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Originally posted by PhillW: ↑

I have been keeping an eye on the silver juniors that have JORC 2012 resources and come to the conclusion that the big movers appear to be those stocks with a higher percentage of their resource in the precious metals category in comparison to base metals at this stage in the market cycle. I have highlighted the areas in my spreadsheet that I believe are important areas to look at when comparing the various companies.

Light green = Important
Black = More important.

One thing to note is that not all companies are created equal and those companies providing strip ratios allow a better in-depth comparison. One other aspect to consider is the possibility that when it comes time to finance the operation, that the higher percentage PM operations will be required to hedge their PMs whereas the base metal counterparts MAY get away with only hedging their base metals and thus allowing their PMs to be sold at spot.

There are three stand out companies on a PM resource comparison basis only and two of these companies are significantly undervalued compared to the third company, if you are only looking at the PM resource.

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I made a spreadsheet of the results for the criteria highlighted in black in the prior post and added the row for silver equivalent ounces. If the total resource silver equivalent ounces row is removed as it is not a specific PM measure but includes the base metals, then the top 3 rankings remain the same, ARD remains outright 4th and BML slips to 5th with no change for the remainder.

Scoring - 1 is best

If we just rank the top 3 companies, assigning a 1,2,3 voting system on all criteria, then we end up with the following rankings.
4 Upvote

1 Great analysis

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I made a spreadsheet of the results for the criteria highlighted...

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