High Potential as Phase 2 Continues Inflation numbers came in at 8.3% this morning, and commodities had a slight selloff due to rate hike expectations. However, due to the current state of the economy, many are predicting there to be a short squeeze as some commodities like silver are in extremely undervalued territory.
Now, a company I’ve been looking at to take advantage of the current macro environment is $SAG.V. It’s a diversified exploration company focusing mainly on silver with interest in metals such as copper, zinc, and antimony, which are all present at the Sail Pond Project. The recent corporate update went over a few key things for the future of the company as well.
- Launched the phase 2 program with over $7M in working capital, raising over $4.8M this year. This means that they’re fully funded for any exploration.
- Currently drilling the fifth zone along the 12km trend and are looking to expand the previous phase 1 results.
- Delayed by the first assay results as SGS Labs is behind schedule.
https://ca.finance.yahoo.com/news/sterling-metals-provides-shareholders-123000532.html
Considering these developments and the 40% insider/institutional ownership, there’s significant room for the company to grow as they continue its promising exploration efforts. Only a $20M market cap here and with grades up to 4,414 g/t AgEq, I’m looking to see what the 5,500m phase 2 program can bring us due to the extremely strong past results.