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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 IgnacioCashmereon Apr 26, 2022 12:05pm
286 Views
Post# 34632401

Open Pit Advantage

Open Pit Advantage
The development timeline is so much shorter for open pit vs underground. There is much to like about a bulk tonnage open pit silver mine. The CAPEX is less, the project advances faster, there are fewer technical difficulties in design, & we don't have to guess how much will be extracted because they take all of it. This is the first open pit mine I have come across where silver is not a byproduct, it's the feature metal. I have traded this a little over the last 2 years but have avoided investing because the team did not seem serious about carrying thru to production. But with the personnel changes I believe they are making all the right steps to get there & the fact that they are not on Pender Street gives more credence that they are not Pina colada lifestyle miners. I am looking for an entry point but it looks like junior miners have further to fall. At a $12.50 AISC, we don't need higher silver prices, $24 is plenty good.
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