What is your analysis of these guys and would you put a small % investment into this one?
Thanx as always
Gary
SLVR gained 341% in the past year and is up 41% YTD already. Of course, the silver sector has gone crazy and it has benefited. Market cap is now $650M. It has $12M cash. Revenue is not expected until next year. The company anticipates open-pit heap leach production starting mid-to-late 2026 at ~5 million silver equivalent ounces annually, based on the Stockwork Zone Pre-Feasibility Study (PFS). An 18-month build follows final engineering (completed December 2025) and includes infrastructure like access roads and power. Underground mining via a new Preliminary Economic Assessment (PEA) could follow, with a 15-year life producing 38 million silver equivalent ounces. Generally, stocks get re-rated as they approach production. There can be a pause, though, as investors wait to see if a mine performs as expected and the build goes without any issues. We would consider the stock speculative, but interesting for those seeking a new silver producer. Insiders own about 3% and have been buyers. We would be OK buying a small position.