RE:Jim McDonald Shares of Kootenay Silver (KTN.V) jumped 15% on Monday as retail investors pushed into the silver market, and also into silver miners.
As a company that is used to volatility, Kootenay Silver had no plans to change their long-term project goals and objectives in response to the price surge, said CEO Jim McDonald.
McDonald would wait for the share price to go even higher to raise capital, as the silver market is still undervalued at these levels, he said.
“We’re well financed for this year’s budget, so we’re under no pressure to be financing, so we’re not looking for financing at the moment, we’ve got just under $10 million in the treasury right now, so we’re in quite good shape,” he said. “We’re looking to do the next round of financing at a higher price, no pressure to go and finance now so it’ll be a better result if we can do something at a higher price.”