$MSLV - Initial Work Program at Their San Jose Silver Projec Inflation, increasing industrial demand, and an uptick in jewelry sales have pushed/held silver and gold above levels previous to the pandemic. Although in recent weeks they have underperformed the market, it doesn’t change the fact that governments across the world are printing more money than ever. Silver is sitting comfortably above $25, and gold is still hovering above the $1800 level.
Mantaro Silver is a company I've been watching since the IPO back at the beginning of June.
- They wholly own 5 high-grade silver projects in Peru
- Their management team is shrouded with experience and success in both business and mining
- Large insider ownership and lots of cash for operations from the recent financing round
Additionally, they just announced that they'd begun initial work at the San Jose property. Some property highlights:
- 12km+ of veins and inferred strike extensions of the veins
- Small scale mining from the previous operator discovered 15-20oz per tonne (extracted 42,000 tonnes)
- Initial Program to involve field mapping and sampling of the UTCAS veins (4 main targets zones for the initial work)
https://finance.yahoo.com/news/mantaro-silver-corp-announces-initial-120000244.html
$MSLV has been selling off in the recent weeks, but it has just found support/stability at $0.30. Considering their 5 high-grade properties it's safe to say that this one is extremely undervalued with a market cap of only $19M.