Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) is gearing up for what analysts are calling a pivotal year, as it embarks on its 2024 exploration season at the Kitsault Valley project in northwestern British Columbia.
The company, as reported by Stuart McDougall of Research Capital Corp., plans to conduct extensive drilling totaling 25,000 meters, with a specific focus on the Wolf and Homestake Silver zones.
McDougall's recent report, published yesterday, maintains a Speculative Buy rating on Dolly Varden, citing an increased target price of CA$1.45/share from CA$1.35/share.
This adjustment reflects expectations of a 25% increase in the project's existing resources. He highlights the addition of both bonanza-grade and bulk-tonnage potential to the existing resources, with recent drill holes extending the Wolf Vein by approximately 500 meters down plunge.
The company's strategic plans for 2024 include an aggressive drill program aimed at expanding the resource base at Kitsault Valley.
With a current market capitalization of CA$276.11 million and a share price of C$0.97 as of the article's release, Research Capital Corp.'s target price implies a projected return of 49.5% for investors.
Dolly Varden CEO Shawn Khunkhun and his management team are focused on advancing the project and unlocking its full potential, positioning the company to create significant value for its shareholders in the upcoming year.
This analyst assessment underscores the significance of Dolly Varden's exploration efforts and its potential to drive growth and value in the silver mining sector.
As the company progresses with its exploration initiatives, investors are eyeing the developments closely, anticipating the realization of its full potential in the market.
Full article here: https://www.streetwisereports.com/article/2024/04/29/analyst-says-silver-stock-is-set-for-pivotal-year.html
Posted on behalf of Dolly Varden Silver Corp.