We expect silver prices to rise rapidly in 2021. In order to be perfectly positioned for the upcoming silver price rally, we present to you 3 stocks, all of which are characterized by top management and a high leverage effect on the silver price.
If like Eric Sprott, you go for “size”, you’ve come to the right place at Disovery Metals. The company has the largest silver deposit with over 1 billion ounces of silver in the ground. Mark O’Dea and his management team have already been successful with Pure Gold (PGM). Discovery Metals is currently valued at $600 million, which is just 60cts per oz silver in the ground. The average is 10% of the metal price, currently $2.50. There is therefore significant upside potential through both re-rating and exploratory silver prices.
Another top value in the silver sector is Metallic Minerals. Novagold co-founder Greg Johnson manages the company in the Yukon, adjacent to Canada’s best silver mine Alexco Resources (AXR). During the 1st silver price rally, the original value of about 10cts rose to over $1. The land package and drill results give the stock the necessary blue-sky potential. Dream big in the Yukon!
The management team that has had great success with SilverCrest 1 has created another market darling with SilverCrest Metals. Prominent investors are silver bugs like Eric Sprott. The value is characterized by exceptional drill results, a clear production plan and an outstanding financing history. A renewed candidate for a major deal as was the case with SilverCrest 1 with First Majestic.
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