Post by
Farquar on Mar 06, 2024 11:11am
Silver is about 24$ US /ounce or about 32.50 $ canadian/oz
Apgo has about 161 million ounces of silver x 32.50 $ cdn = 5.2 billion dollars canadian ( gross) worth of silver right now but it's market cap is only 19 million dollars canadian.
If silver goes on a mega bull run like in 1979 and in 2011, it may hit a minimum of 100$US/ounce or about 135$ cdn /ounce. 161 million ounces x 135$ = 21.7 billion $ cdn of potential gross sales .
So, how much will a company with 161 million ounces silver in the ground and counting be worth if silver hits 100$US/ounce? Maybe 1.5 billion $ cdn? Let's say the share count is 300 million by then , you get a share price of 5 dollars. The share price is presently 11 cents... Lots of amazing up-side here...