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Silver Elephant Mining Corp T.ELEF

Alternate Symbol(s):  SILEF

Silver Elephant Mining Corp. is a Canada-based silver mining and exploration company. The Company’s primary project is the Pulacayo silver project in Bolivia. The Pulacayo Paca Project comprises seven mining concessions covering an area of approximately 3,560 hectares of contiguous areas centered on the historical Pulacayo mine and town site. The Pulacayo Paca Project is located 18 kilometers (km) east of the town of Uyuni in the Department of Potosi, in southwestern Bolivia. Its Triunfo Project area covers approximately 256 hectares located in the La Paz Department, which is located about 75 km to the east of the city of La Paz, Bolivia. Its projects also include Minago nickel property in Canada (the Minago Project), and the Gibellini vanadium property in Nevada, United States (the Gibellini Project). The Company also owns or holds 100% interests in the projects: the Ulaan Ovoo coal project located in Mongolia, and the Chandgana Khavtgai and Tal coal projects, located in Mongolia.


TSX:ELEF - Post by User

Post by Oldschool2022on Sep 29, 2024 7:51pm
731 Views
Post# 36246295

Silver Elephant valuation $4.36 per share!

Silver Elephant valuation $4.36 per share!
I’m doing a back of the envelope evaluation for Silver Elephant. They have 107 million ounces of silver. So in the ground value per ounce should be in the $1-$2 range based on $32 ounce silver. With 36.8 million shares and closing at .68 Friday up 39% equals a market cap of $25 million. Let’s split the difference and use $1.50 in the ground per ounce for the silver valuation. 107 million ounces X $1.5 equals $160.5 million. 
$160.5 million divided by $25 million market cap gives us $6.42. So multiply the share price by a 6.42 multiple gives you a share price of $4.36. It’s simple math. Now that’s not factoring in future drilling or other projects they have. Just the silver in the ground from the one property. I think we are very undervalued at .68 in this silver market. If Silver hits $40-$50 per ounce then the valuation would change dramatically.  Silver is up .30 per ounce overseas tonight!
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