Watching SAG.v after reading this crazy silver forecast I just came across this article that quotes Keith Neumeyer of First Majestic Silver saying he sees silver prices reaching $130 per ounce. I have to say, this outlook makes me more bullish than ever on the high potential junior silver plays on my radar.
Neumeyer expects a triple-digit silver price in part because he believes the current market cycle compares to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. He thinks it’s only a matter of time before the market corrects, like it did in 2001 and 2002, and mining sees a big rebound in pricing. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top.
Sterling Metals Corp (TSXV: SAG) presented at the Red Cloud Summer Silver Conference yesterday and provided updates on the Sail Pond Silver Project. The company believes the project could uncover Canada’s next big silver district since the Yukon.
Given Neumeyer’s outlook on Silver, I’m really excited to see what the future holds for SAG. The company is currently in the middle of conducting its second phase of drilling at Sail Pond and is funded to continue drilling through this year.
SAG.v is currently trading at $.375, valued at $26.16 million.
https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/silver-in-the-future/