Bullboard - Stock Discussion Forum Discovery Silver Corp DSVSF

Primary Symbol: T.DSV

Metals & Mining Silver

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... see more

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Discovery Silver Corp > burn rate

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Post by seanyboy2 on Nov 15, 2024 6:19am

burn rate

	September 30, 2024		December 31, 2023
Cash and cash equivalents	$	33,442,223	$	58,944,459

Minus 25mil this quarter. At this rate DSV needs to raise money within 3 months...
Thoughts?

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Comment by Deadmists on Nov 15, 2024 2:25pm

looks like that was over the past year, not the past quarter.

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Comment by cbew on Nov 15, 2024 3:53pm

They do not need to raise funds next year and they are well funded right up to when the permits will be granted and they make a production decision. I do not see them raising any more money until after a production decision and permits are granted. By then the sp will be much much higher imho or we get taken out or partner with a Major. Either way I don't see us staying ...more

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Discovery Silver Corp