Post by
austrochris on Apr 23, 2023 11:04am
undervalued mexican silver story !
Kootenay Silver has 4 silver projects : La cigarra - 62 Million ounces + byproducts . Grade is about 80 gramm . I think with more drilling easy a double possible ( even a tripple in resource ) Promontorio : low grade 100 Million ounce silverequivalent resource .(Sleeper ) La negra : 40 to 50 Milliom ounces of silver i guess , pretty good grade - near surface - open pit mineable .( i think very economic at 25 Dollar silverprice ) Columba : High grade vein system like Las chispas . My guess is up to 200 Million ounces of high grade silver . This asset alone could be worth several hunderd million dollar . Kootenay silver is undervalued . It is an option to the silver price . Silvercrest is valued at 1,3 Billion Dollar . Columba could do the same .
Comment by
xenes25 on Apr 28, 2023 4:41pm
Tonnage is great, but KTN is stuck. Classic penny stock...too much dilution. Look at the volumes churning and no up! And minimal roll-back might be 1:5 but who's going to bet on this thing opening in .50 -- .60 range? Unless we see silver price above 30.00 and holding, we can only hope for a buyout.