TSXV:DV - Post Discussion
Post by
MarketMakerss on Jul 31, 2024 3:41pm
"The REAL Silver Squeeze is Coming"
"The REAL Silver Squeeze is Coming" - Dolly Varden Silver (DV.v DOLLF) CEO Shawn Khunkhun on the silver market outlook & DV's latest updates:
https://www.youtube.com/watch?v=pUyLxu5iqFU&t=60s Silver Market Outlook:
- Kunkun anticipates a significant squeeze in the silver market, potentially doubling the current silver price.
- The early rise in silver prices saw it reach $30, but Kunkun expects it to go higher soon.
Company Overview:
- Recognized for high-grade silver deposits in Canada’s Golden Triangle.
- Focuses on increasing mineral inventory through exploration and discovery.
- Benefits from safe jurisdiction and strong community relations.
Business Model and Strategy:
- Aim to accumulate high-grade silver ore during low market cycles.
- Focus on organic growth through exploration, avoiding jurisdiction risks.
- Strategic positioning in Canada’s Golden Triangle, an area rich in silver and gold.
Historical Context and Past Production:
- Dolly Varden and Torbrit mines were historically significant producers of high-grade silver.
- 15-kilometer trend identified, with deposits found every 1.4 kilometers.
Recent Discoveries:
- Recent drill results show significant high-grade silver finds, including 200 grams of silver over 23 meters and 977 grams of silver over 5 meters.
- Ongoing drilling expected to yield more positive results.
- Ongoing exploration with three rigs turning 24 hours a day.
Future Potential and Market Position:
- Increasing resource estimates from 150 million to potentially 250 million ounces, which could significantly boost the company’s value.
- Strong financial position with no debt and $18 million in the bank.
- Support from notable investors and institutions like Hecla Mining, Eric Sprott, and Fidelity.
Industry and Market Dynamics:
- Silver market under-owned and poised for a shift towards real assets.
- Increasing demand from India and solar sectors, with significant annual deficits.
- Primary silver mines contribute only 28% of global production, with copper mines being the largest source, highlighting potential supply issues.
Well-positioned for growth and increased valuation, DV is targeting aontinuous exploration and drilling to drive further value and discoveries amid an optimistic outlook surrounding the future of silver prices and its role in the market.
Posted on Behalf of Dolly Varden Silver Corp.
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