DSVMF - Discovery Metals: High-Grade Domain Continues To Grow At Cordero
- Discovery Metals is one of the top-performing silver stocks this year, up 16% year-to-date.
- This is an impressive performance considering its benchmark, the Silver Juniors Index, is still in negative territory year-to-date.
- The outperformance is likely due to robust drill hits from Cordero since Q3, with a large high-grade domain being delineated at what was thought of as a low-grade optionality project.
- While I don't see the stock as cheap at current levels at nearly 0.5x NPV and ~$8.00/oz using a high cut-off grade, I would expect the stock to have a strong floor at US$1.25 if we see any weakness going forward.
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Discovery Metals: High-Grade Domain Continues To Grow At Cordero