TSXV:GSVR - Post Discussion
Post by
ErinBrockovich on Jun 19, 2024 7:33am
Screaming Buy… Yup
From CEO boards
@luckystrike23 last quarter: Guanajuato Silver Reports Q1 2024 Record metals production during the quarter of 987,312 AgEq (silver equivalent) was up 16% over the previous quarter; AgEq ounces derived from 428,279 ounces of silver; 5,384 ounces of gold; 879,242 pounds of lead; and 922,297 pounds of zinc how much will they be producing in the next few quarters? Making 428,279 ounces of silver isn't much. 0
@Sinkpisser Because it’s a $107mil company about to profit $13mil CAD in one quarter. Annualized it to $52mil x10 PE and we’re headed to $1 land. Just need a few quarterly financials to come out to show it will be consistent 8
@Mdoc $13mil CAD in one quarter is not the actual profit number, it's the margin derived from the AISC of $20/AgEq oz. But (as James told us) approx. 24$/oz US was necessary to cover all expenses (interests etc.) in Q1 2024. Nevertheless a good basis with $29+/oz silver: This margin momentarily covers for new exploration activities, continued capital investments at all their operations, and depth reduction. And 4Mio. AgEq should be the lower end of future production numbers. The main thing is they can keep pushing on all fronts at these silver prices. With a better exchange rate and all other improving factors we now know that their new survival mode number (with zero exploration expenditures (like in Q1 2024) could come down to $23 AgEq, maybe even lower. Without further production improvements AISC will still be around 20$/oz as exploration expenses etc. should add to the AISC. The recent Peso devaluation will offset some of those costs. Still, the $13mio CAD margin number in one quarter is not far away. It could happen with a blink of an eye - and this is the reason we like to be invested in silver producers. But ultimately, exploration success and higher production numbers should drive this company to new highs. Sentiment is very low (again), but all lights for this company are currently set to green.
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