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Defiance Silver Corp V.DEF

Alternate Symbol(s):  DNCVF

Defiance Silver Corp. is a Canada-based exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacan state, Mexico. The Zacatecas project includes land package of approximately 4,300 hectares. The Zacatecas project areas include San Acacio, Lucita, Panuco, and Lagartos, located in the state of Zacatecas in north-central Mexico. The project lies in close proximity or on trend to several of the largest silver producers Zacatecas state including: the polymetallic Cozamin mine operated by Capstone Mining Corp and the Fresnillo silver mine operated by Fresnillo Plc. The Company owns 100% of the Tepal Project, which covers approximately 2,076.5 hectares. The Tepal project is located in the state of Michoacan, near the border of Jalisco in Western, Mexico. The Company also has an option to acquire 100% interest in San Acacio property located in the Zacatecas district.


TSXV:DEF - Post by User

Bullboard Posts
Post by oilinvstron Nov 23, 2002 1:37pm
247 Views
Post# 5609933

easy double

easy doubleStock is currently trading at $1.45, which is just 2.7 times cash flow based on exit production of 2200 boe/d. The investor presentations that they are doing should bring more awareness to the growth of this company, so expect the stock price to reflect a 4 times cash flow multiple, (the same as its peers) in the near future. If the company generates its forecast 75 cents/share cash flow in 2003, expect the price to double. I'm long!!
Bullboard Posts