Southern Silver Exploration Corp.
PEA Delivers 44% Higher NPV / Trading at a Substantial Discount
Published: 6/24/2024
Author: FRC Analysts
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Other Precious Metals & Mining
Ticker Symbols:
SSVFF - NASDAQ 🔹
SSV.V - NEO 🔹
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $0.28 |
Fair Value | CAD $0.6 |
Risk | 5 |
Week Range | CAD $0.11-0.34 |
Shares O/S (M) | 292 |
Market Cap. (M) | CAD $85 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 2.3 |
- SSV has completed an updated Preliminary Economic Assessment (PEA) on its 100%-owned Cerro Las Minitas (CLM) project in Mexico. CLM is one of the largest undeveloped silver-rich polymetallic projects in the world.
- The PEA reported an After Tax-NPV5% of US$501M, and an AT-IRR of 21%, using US$23/oz silver vs the spot price of US$31/oz. SSV is trading at just 12% of the NPV.
- Compared to the 2022 PEA, NPV increased by 44% due to the inclusion of new resources from a 2023 resource update, and a higher throughput rate, resulting in increased annual production. This was partially offset by the impact of higher CAPEX.
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $0.28 |
Fair Value | CAD $0.6 |
Risk | 5 |
Week Range | CAD $0.11-0.34 |
Shares O/S (M) | 292 |
Market Cap. (M) | CAD $85 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 2.3 |