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SVM - Silvercorp Metals Looks Cheap Based On Margins And Reserves
Silvercorp Metals Inc.
The company is among the few silver producers in the world for which silver accounts for the majority of revenues.
The mine life is well over a decade, and AISC stood at below $13/oz of silver even in a bad quarter.
Silvercorp Metals appears to be trading at a discount to peers due to being focused on China, and I think the political and regulatory risk might be overblown.
Overall, I think Silvercorp Metals should be worth close to $1 billion at today’s silver prices.