Best Silver Plays on the ASX

Discussion in 'Stocks & Derivatives' started by 1for1, May 17, 2020.

  1. 1for1

    1for1 Well-Known Member

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    We know silver has been kept very low but the time is now to invest in silver stocks to enjoy spectacular upside.

    What are the best producers and explorers to invest in? By product or pure .. Who has the cheapest AISC?

    I am going to have another look around now.. A neglected sector forever really... Time to see this one 10 bag...
     
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  2. ozcopper

    ozcopper Administrator Staff Member

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  3. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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  4. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    If you're looking for a pure silver mining play, pretty much forget it. I bought some AZS a few years back and it's a total dog stock. Most of the "Silver Miners" are really mining other stuff and silver is just a by-product of their other operations.

    If it's leveraged exposure to Silver you are after then maybe you want options or warrants on the commodity instead.
     
  5. 1for1

    1for1 Well-Known Member

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    "SVL as best of breed silver play on ASX will race away - has already started - and 'latecomers' will start looking around the ASX for the cheapest decent scale silver exposures

    among the tiddlers PMY has more silver and better overall project economics than say IVR.

    But IVR is thought of as a 'silver' play. PMY as 'lead'." (gold bear - hotcopper)

    Nice right up, the 1 stock with exposure to silver and of particularl interest to me is PMY (Pacifico Minerals) and its Sorby Hills Lead Zinc Silver Tenements.

    I have been saying this is a short term 10 bagger and i am not the only one:

    45Moz silver resource
    Pacifico has better silver grades with a cheaper ASIC than the pure silver plays
    Short term catalysts with drill results and PFS coming soon, project funding and offtakes, the commodities prices are booming, Sorby is fully permitted Easy transport route to a close port (150km)...
    Crazy low 14m market cap
    1/2 Billion + EV,
    Simon Noon as leader who has 20 bagged his previous company groote resources :)
    Volume picking up the last week
    Very savvy investors and board make up the Top 20!!!!!
    Cashed up

    (Verily 1 on Hotcopper says:)

    More than 10X (TEN Times) Current Share Price

    Every which way you cut it, at the current share price, Pacifico represents outstanding value. With estimated valuations on its key development project Sorby Hills heavily discounted these still represent more than 10x (TEN Times) the current share price.

    Yet everyday that Sorby Hills has been owned by Pacifico (less than 2 years), the work done has reduced project risk - lots more drilling, updated MRE's with material reserve upgrades each time, metallurgical test work improving recovery and quality, EPA approval extension, work done on Optimised PFS as outlined in the April update (lots of boxes ticked...).

    And in the next month and following another updated MRE, release of the Optimised PFS itself and potential off-take agreements and funding progress (including as Euroz suggested in this weeks Quick Comment potential funding through the Northern Australia Infrastructure Fund (NAIF)).

    At half a cent, might be a good buy at the moment :)
     

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