Silver Explorers / Developers... with the top 9 largest NI43-101 "resources" moving into development now.
This list will have a bit of overlap with yesterdays... but adds a bit more rigor in the definition or resources in positioning them in the list...
The largest proven undeveloped resources, or resources in development... because size does matter...
1. Avino Silver and Gold ASM / ASM.TO Development stage. At $0.77 today, its trading inside a 2X to get back to its 5 year high... but, then... the market cap was $80 million on Thursday, and its $99 million today. They're developing a 371 million ounce find...
2. Bear Creek Mining BCEKF / BCM.V Development stage. At just under $0.18 today, with a $41 million (vs $38M on Thursday) market cap, returning to its 5 year high would deliver a 14X... They're developing a 292Moz find.
3. Discovery Silver DSVSF / DSV.TO Development stage. A return to the 5 year high would deliver a 3.5X. Market cap of $233M today... up from $205M last week. They're developing a 266Moz find... just filed an NI43-101 report yesterday I haven't read yet... so may by moving up the list ?
4. AbraSilver ABBRF / ABRA.V Pre-Feasibility Stage. A 2X to get back to the 5 year high. Market cap of $157M trading at $0.26 today. I've mentioned this one recently, and noted Rick Rules opinion on it. They're developing a 210Moz resource that's...probably going to prove itself as a bit larger than that over time.
5. Apollo Silver APGOF / APGO.V Mineral Resource Estimate. Getting back to the 5 year high would deliver a 7X. Market cap only $19M trading at $0.12. The resource is atypical... being an open pit potential with a lower grade... but, with a meaningful kicker in massive volumes of Barium... which is "heavy" and is necessary to use in drilling mud to have the weight keep the downhole pressures in check. I've owned it before under prior brand label in an earlier cycle. So easy it makes no sense to not develop it... when the metals prices have it make sense... but, it is in California.
6. GoGold Resources GLGDF / GGD.TO Production stage. A 3X to the 5 year high. Market cap is $309 million at just under $0.95. Developing a 110Moz resources... as noted in yesterdays list... they're a producer... not losing money, but still working on optimizing the production circuits. May have a stellar 2024 once its in hand... but, note, they're not a low cost producer... no debt and $95M in the bank might help fix that ?
7. Endeavour EXK/EDR.TO Production stage. A 3X to the 5 year high. Market cap of $561M on Thursday is $594 today... trading at $2.55 now. Are in production, recently adding a 88Mozeq deposit...planning to produce 15 Moz/yr over 18 years, and, as noted yesterday, have a monster in the pipeline, in the 693Mozeq Pitarrilla, that is the #4 largest deposit in the world.
8. Silver Mines Ltd SLVMF / SVL.AX Feasibility stage. The 5 year high would be a 5x. Market cap of $157M at $0.075. An oddly under-seen issue. Developing a 66Moz resource, Bowdens, in Australia.
9. Kingsgate Consol KSKGF / KCN.AX Production stage. Less than 2X to get to the 5 year high, Market Cap of $215 here under $0.85. Have $47M in debt, $9M in cash. Developing a 59Moz resource. And, doesn't hurt that they earned $0.06 in the TTM. |
