In this editorial, Dave Erfle, Founder and Editor of the Junior Miner Junky, breaks down the explosive move in silver, now approaching $60/oz, and the technical long-term target of $96/oz.
We analyze the macro tailwinds and examine the Pre-Feasibility Study (PFS) from Thesis Gold (TSX-V:TAU). The PFS reveals exceptional economics, with an After-Tax NPV of $2.37 Billion (at base case $2,900 Gold and $35 Silver). Dave also covers the accelerating M&A environment, including the bolt-on acquisition by Montage Gold and the strategic divestment by Endeavour Silver.
Key Discussion Points:
- Silver Price Trajectory: The technical and fundamental case for continued upside, including the long-term $96/oz target and the impact of looming Fed rate cuts.
- Thesis Gold PFS Analysis: Breakdown of the economics, emphasizing the 23% silver value often ignored by the market.
- M&A Trends: Examination of the latest merger activity, including the accretive acquisition by Montage Gold and the strategic move by Endeavour Silver to shed non-core assets.
- Valuation Strategy: Advice on navigating the current market volatility, focusing on buying undervalued juniors and trimming fully valued positions.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
