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  5. DSV: I bought PAAS in the spring and have done well with it. [Discovery Silver Corp.]
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Investment Q&A

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Q: I bought PAAS in the spring and have done well with it. Looking to add another silver stock. Thoughts on DSV vs. SVM? Thank you.
Asked by Brian on December 02, 2025
5i Research Answer:

DSV has had a spectacular year and revenue is expected to ramp up with production. EPS is expected to more than double in 2026. It has $341M cash. It is a bit pricey but not that bad compared with peers. Free cash flow is growing, and production rose 26% last quarter, with good costs. It still looks good. 

SVM is in our Growth Portfolio. We like it, but its area of operations (China) does add extra risks. But it is showing good momentum, is net debt-free and EPS is also expected to grow very nicely next year.