NYSEAM:SVLC - Post by User
Post by
greener12345on Feb 29, 2012 5:12pm
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Post# 19607339
CANNACORD RAISES TARGET TO 6.70
CANNACORD RAISES TARGET TO 6.70
Valuation: We are now ascribing a value of US$1.75/oz to the current resource of 102 million ounces of AgEq with an
additional US$1.25/oz ascribed to a potential resource of 100 million ounces of AgEq. At Santa Elena we ascribe a value
of US$3.00/oz to a potential 15 million-ounce expansion of the underground resource. The net impact is an increase in
our estimate of peak silver NAVPS (5%, US$35/oz Ag) to C$6.70, up from C$5.69. We continue to value the shares of
Silvercrest based on a 0.85x multiple to our peak silver price estimate of NAVPS.”