Bullboard - Stock Discussion Forum Apollo Silver Corp V.APGO

Alternate Symbol(s): APGOF

Metals & Mining Silver

Apollo Silver Corp. is a Canada-based exploration and development company. The Company is focused on advancing the Calico Silver Project (the Calico Project), its silver exploration and resource development project in the United States. The Calico Project consists of the Waterloo property (the Waterloo Property) and the Langtry property (the Langtry Property), in San Bernardino County... see more

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TSXV:APGO - Post Discussion

Apollo Silver Corp > Silver is about 24$ US /ounce or about 32.50 $ canadian/oz

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Post by Farquar on Mar 06, 2024 11:11am

Silver is about 24$ US /ounce or about 32.50 $ canadian/oz

Apgo has about 161 million ounces of silver x 32.50 $ cdn = 5.2 billion dollars canadian ( gross) worth of silver right now but it's market cap is only 19 million dollars canadian.

If silver goes on a mega bull run like in 1979 and in 2011, it may hit a minimum of 100$US/ounce or about 135$ cdn /ounce. 161 million ounces x 135$ = 21.7 billion $ cdn of potential gross sales .

So, how much will a company with 161 million ounces silver in the ground and counting be worth if silver hits 100$US/ounce? Maybe 1.5 billion $ cdn? Let's say the share count is 300 million by then , you get a share price of 5 dollars. The share price is presently 11 cents... Lots of amazing up-side here...

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