'Would be 'shocking' if silver didn't break all-time highs'It would be 'shocking' if silver didn't break all-time highs - Summary of Dolly Varden Silver's (DV.v DOLLF) Shawn Khunkhun on Kitco Mining:
https://www.youtube.com/watch?v=-qTU8mkJfXM Company Overview
- Dolly Varden Silver operates in the Golden Triangle of Northwest BC, a past-producing silver mine with a rich history.
- The company closed a $32 million financing in September and is well-funded to continue its 32,000-meter drill program.
- Dolly Varden’s resource includes 64 million ounces of silver and 1 million ounces of gold.
Key Objectives for 2024
- New Discoveries: Focusing on new areas such as Moose and Chance, with successful drill results reported in June.
- Wolf Deposit Expansion: Delineating a resource and showing expansion potential at Wolf, with positive results including multiple 20-30 meter intercepts of high-grade silver.
- Homestake Acquisition: Drilled 25 holes with assay results pending, following significant gold and silver intercepts earlier in the year.
Exploration and Drilling Plans
- A 25-hole drilling program is ongoing at Homestake, with assays expected soon.
- Focus is on the Golden Triangle, one of the world’s richest regions for gold and silver, supported by improved infrastructure, making it easier to explore.
- Potential for more than 100 million ounces of silver to be discovered on its property.
Precious Metals Market Drivers
- Silver is up nearly 30% year-to-date, driven by increasing industrial demand, dwindling mine supply, and central bank and ETF buying.
- Gold is also on the rise, supported by Fed easing and China's economic stimulus.
- Sean Kocken predicts all-time highs for silver by 2025, as industrial use will outpace supply, creating favorable conditions for silver producers like Dolly Varden.
Strategic Approach
- High-Grade Focus: The company continues to prioritize high-grade deposits, which are economic even in challenging metal price environments.
- Organic Growth & M&A: The company is pursuing both organic growth through exploration and M&A opportunities in the region, having successfully acquired Homestake to triple its resource base.
- Positioned for Growth: With $40 million in the bank and no debt, Dolly Varden is well-positioned to take advantage of both organic growth and M&A opportunities as the market shifts from bear to bull.
Future Catalysts (Next 12 Months)
- Drill Results: Ongoing results from the current exploration program, particularly from the Homestake and Wolf deposits, will be key drivers.
- M&A Potential: The company is actively monitoring opportunities for acquisitions in the region.
- Silver Market: With favorable market conditions for silver, Dolly Varden is poised to capitalize on rising prices and increased demand.
With a strong financial backing, combined with a promising market for precious metals and location in a prime mining region, DV's focus on expanding its high-grade silver and gold resource positions the company for significant potential growth in the near future.
For more information, refer to this deep dive:
https://www.reddit.com/r/CanadaStocks/comments/1fnxh6a/exploring_dolly_vardens_dvv_rich_silver_history/ Posted on Behalf of Dolly Varden Silver Corp.