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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

Comment by BaldSilverHeadon Oct 20, 2024 9:37am
88 Views
Post# 36273601

RE:Epic Smash Down of Silver Monday?

RE:Epic Smash Down of Silver Monday?While the silver price may fluctuate. I DO NOT think the market is properly pricing Discovery Silver. In the darkest hours of share price and using only 600M ounces of silver extraction as being profitable we still had a 1.9% valuation in relationship to asset. Now when you add in the additional 600M RESERVE Silver ounces which are now profitable (due to Silvers price rise) and using current share price we have actually fallen in valuation to 1.3%! That on top of 1. Increased debt / devaluation of dollar 2. Depletion of world supplies. 3. Increase in demand (Samsungs new Silver Battery technology is a game changer). 4. New Mexican administration which according to rhetoric and point 87 of steps to transformation will allow permitting. Despite these 4, what I would call significant developments, the valuation percentage has fallen to 1.3%. While it might not feel like it due to share price recent rise. DISCOVERY SILVER IS CHEAPER IN ITS RELATIONSHIP TO DEVELOPABLE ASSET THEN ITS EVER BEEN!!!! Let that sink in. Also BRICS meeting in Russia starting on 22 Oct, while it might not come out with "the unit" currency, may open the discussion to increasing sovereign reserves of "Silver" yea I said silver. Any smashdowns to help bullion banks should be looked at as buying opportunities in my opinion. 
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