RE: VeryWell, Hills, I don't know if we know anything new yet for certain but I think its high time I quit fooling around here and see what we do know as far as facts go so far. 2fast has been the top student so far for doing his homework, so let's get at it..
Been doing some digging around tonite and came across a valuation report on Stroud which was performed a year ago when silver prices were very very low compared to today's closing price of $39 and change so things have changed here big time in values.
Some facts to note here are for one thing that share ownership amongst insiders and asssociates is as high as 40%; institutions own another 15% and some of those key institutions are none other than Sprott, Pinetree and Dundee.......... speaks volumes there.
Some of the highlights in the report were as follows:
The Santo Domingo in the Sierra Madre has enormous potential; open pittable; wide mineralized zones; ease of acess; critical infrastruture, such as water and power and could be fast tracked into production.
At Santa Domingo, Stroud, at that time of a year ago last March, had drilled 27 holes which, on the company's 25.73 million silver-equivalent onces, equates to almost 1 million silver equivalent onces per hole!
Other factors positively impacting Stroud are:
1) NI 43-101 avail on 2 key properties, Santa Domingo and Hislop
2) Six operating gas wells for positive net cash flow
In comparing Market Caps of Stroud to other silver companies, SDR is very undervalued it states. The average of lthe premiums over Stroud is calculated to be 4.61X.
They are comparing Stroud to companies such as Esperanza and Great Panther at the time that this was written and then Great Panther was at .90 with a market cap of 99,159,418 and a siver resource of 16,468 and a market cap of 12.81 with 110 million O/S.
Esperanza had a market cap of 63,378,416 and a silver resource of 29,568,000 and a market cap silver equilvalency of 2.14.
Whereas, at this same time, Stroud was sitting and still is, at only a market cap of .47.........yikes!
"We think it reasonable for Stroud to approach a level similar to that of Silvercrest, which has a value of $1.54 market cap silver equivalent ounce.
- Higher per share values for Stroud would be expected when it reaches such milestones as :
1) Completion of a further 25 holes.
2) Drill bit success resulting in a doubling of the resources to around 50 million silver equilvalent ounces. "
We know so many companies are drilling in Mexico, so perhaps their backlogs are as bad as we've seen here this last year, but going with then just the facts that are apparent with Stroud now, this stock should already be sitting much higher with what they already have going for them. Once the new drilling results begin to flow, Stroud hopefully will take its rightful place in the market.
JMHO