$BRC - High-Grade, High-Potential With Biden now signing an executive order aiming for 50% of new vehicle sales being powered by zero-emission fuel sources. EVs currently account for around 2% of global vehicle sales; this number is estimated to balloon to 25% by 2030. That means EV companies will need to buy a lot of lithium, copper, nickel, and, most importantly, silver. Currently, silver is trading far below its fair value; even Goldman Sachs sees huge upside giving it a target of $33 by H2 2021.
https://www.fxempire.com/forecasts/article/what-does-bidens-1-trillion-dollar-infrastructure-plan-mean-for-silver-prices-762313
$BRC is a company with both high-grade silver and gold projects.
- Tonopah West: 1,384 g/t Ag and 16 g/t Au based on historical production numbers from the 1900s-1950s, located in Nevada (the top-ranked mining jurisdiction)
- Drilling is underway, and we should expect some more results coming soon (40,000m to deliver a resource estimate by Q4)
- Silver Cloud: 12,000+ acres with 572 claims. Still located in Nevada and has remained undrilled since 2005
- High-grade region for gold discovery and will be continuing to explore the property over the year
With silver set to see a surge in demand over the next decade due to the rise of EVs (don't forget about inflation from all the money printing this year), it's safe to say that the current price of silver is extremely low. When prices increase, I can expect it to affect every mining company positively but mainly the ones focused on silver, such as $BRC. I'll be keeping a close eye on both silver prices and $BRC since I quite like their projects out in Nevada.