Post by
stockpunter on May 26, 2022 1:31pm
SIL, GXS
Eric Fier's Silvercrest has announced that their new mine is complete. That is the second successful project of his that I know about. Their first one in Mexico was bought by First Majestic.
Now, GXS has over one million oz in their report, not counting the most recent exploration success. GXS has a market cap of 30 million. i.e. thirty bucks per oz of gold, in a relatively safe jurisdiction and lots of it is in surface dirt that can be scooped up. So, something is seriously wrong with the picture. Either there are obstacles we don't know about, or the market has substantially under-priced this stock.
Comment by
Joe455 on May 26, 2022 1:34pm
Sounds like lots of upside from here. It's on my watchlist.