Post by
mainerisk on Aug 06, 2021 9:49am
Simply Wall St. article Aug 5, 2021
It starts right in with "So, the natural question for Discovery Silver shareholders is whether they should be concerned by its rate of cash burn." So right out of the gate, as a stockholder I read this and begin to think maybe it wasn't such a good idea to buy this stock. Well I read on and they state, "As at March 2021, Discovery Silver had cash of CA$95 million and no debt."
Well that right there made me think that I invested in a solid company.
The article continues on saying that Discovery Silver had a cash runway of about 5.1 years from March 2021.
What more could a exploration silver mining company want to increase their silver reserves in order to sell to a larger producer or to go into production of their silver.
I say load up on this stock. What are your thoughts?
Comment by
Heywood_Silvers on Aug 06, 2021 4:53pm
My thoughts? Discovery Silver will, at the time of a future sale, be the largest and most sought after silver resource on the planet. The shares will be trading at over $10 at some point, just be patient and let the good news continue to roll in......