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Discovery Silver Corp T.DSV

Alternate Symbol(s):  DSVSF

Discovery Silver Corp. is a precious metals company engaged in the acquisition, development and operation of assets. The Company’s flagship asset is its 100%-owned Cordero project, an undeveloped silver deposit, which is located close to infrastructure in a mining belt in Chihuahua State, Mexico. The key targets being evaluated include La Perla (10 kilometers (km) south of Cordero), Dos Mil Diez (immediately southwest of Cordero) and Porfido Norte (10 km north of Cordero).


TSX:DSV - Post by User

Post by Clemxb7on Dec 31, 2021 10:47am
336 Views
Post# 34273731

Comparatively DSV gives bang for your buck.

Comparatively DSV gives bang for your buck.  I hold some other stocks as well. One stock I like is FCU (Fission Uranium Corp). They have had some great assays and will be increasing their Resource. However right now FCU has a resource of approximately 135 million lbs of U308.They have found more though nobody knows how much yet. Last I looked U308 was trading around $42/lb. So 135 x $42 x 1.28 (exchange rate) = approximately $7.25 billion (CAD). Today FCU has a market cap of $503 million (CAD) Consider FCU will have to build an actual underground mine.

If you buy FCU for 1 share you get $7,250,000,000 / 657,000,000 (shares out) = $11 (CAD) value ore in the ground.

Contrast to DSV. We know DSV has over a billion oz Silver equivalent in the ground and exploration of bulk tonnage and vein exploration is open for more resource to be added.  DSV has 325,000,000 shares out. You get 3 ounces of Silver equivalent for every share you purchase.

In Canadian dollars you get 3 x $23.2 (Silver price) (USD) x 1.28 (Exchange rate) =$89 (CAD) per share ore in the ground. Remember a lot of the ore for Discovery can be open pit mined (cheapest option).

So FCU = $.765 (CAD) per share to buy $11 (CAD) ore in the ground
DSV = $2.06 (Cad) per share to $89 (CAD) ore in the ground.

To directly compare for every $.765 you spend on buying DSV you get $89 / ($2.06 / $76.5) = $33 (CAD) ore in ground. DSV shares give you 3 times the value of FCU ore in the ground.
Conclusion: this simplistic analysis basically screams DSV is way under valued at $2.06 / share. If valued at the same metric as FCU then DSV would be trading at $6.18 (CAD)

It’s just some food for thought .DSV is being valued at 1/3 the value Uranium stocks are be given. DSV has lots of potential here at $2.06 – it’s no doubt.

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