Gold is up $22 this morning to $1,257 per oz, with silver up $0.13 to $16.93 per oz. Meanwhile, the Dow is down 159 to 20,821, with the NASDAQ down 47.10 to 6,122.77.
We are about to see a major rotation out of NASDAQ technology stocks and into gold and silver mining/exploration stocks. In NIA’s opinion, silver miners/explorers with large Mexican silver resources are likely to lead the market with the largest short-term percentage gains.
NIA’s #1 favorite Mexican silver explorer for the rest of 2017 is Southern Silver Exploration Corp (TSXV: SSV), currently trading for $0.41 per share with 87.174 million shares outstanding for a market cap of only $35.74 million. SSV has a strong cash position of $3.05 million with no debt, for an enterprise value of just $32.69 million!
SSV’s Cerro Las Minitas Project in Durango Mexico is sitting on a large silver resource of 36.5 million indicated silver equivalent oz and 77.3 million inferred silver equivalent oz. It is directly adjacent to the major producing silver mines of Silver Standard (SSRI), Coeur (CDE), Hecla (HL), and Avino (ASM).
SSRI, CDE, HL, and ASM are currently trading with an average enterprise value of $1.38 billion. Their average enterprise value is currently 42X higher than SSV’s latest dirt-cheap valuation – giving SSV the most leverage to rising silver prices!
We expect to see SSV rise 3-4 times faster than the average silver mining/exploration stock in the weeks ahead!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has been compensated by SSV $50,000 cash for a three-month investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.