Crux Investor Interview Here is our interview with CEO Taj Singh:
Discovery Metals: a Mexican silver developer that is part of Oxygen Capital Corporation. Sprott is the largest shareholder with c. 24% of the company.
The company has reinterpreted an asset that had been designated an uneconomic bulk-tonnage operation by the previous owner because of the depressed silver price. However, by focussing on a high-grade silver drill core and a phased drill programme that includes a silver resource by this time next year, the share price has been on the rise to a record high. The project, Cordero, is one of the largest development-stage silver projects in the world.
The silver player is fully-financed through to production with $40M in the bank. Let's see if Singh can hit his deliverables.