May. 14 at 9:07 AM
$ASM just using basic math, we could porentially see a 60%+ upside in coming days.
Logic;
Using
$65/oz long-term silver (still well below spot), the new reserve base, La Preciosa in production, and a 0.40–0.45x P/NAV multiple consistent with early-stage producers — the SP target could justifiably be updated to
$15–18 USD.
Given the magnitude of the earnings beat likely to be reported at
$79 silver versus
$45.30 budget, and the reserve publication since their last note, a move to
$14–16 from HC Wainwright would be consistent with their methodology and would represent the most market-moving single catalyst in the near term.
Do your own research but watch this space.....
