- The company is on track to deliver the highest production in its history and is also building a new 3,000 tonnes per day mill at Ying Mining District.
- AISC is down to just $7.35 per ounce of silver as of Q2 FY22 while cash reserves have surpassed $140 million.
- Yet, the market valuation of Silvercorp Metals has declined by almost 40% since June and the likely reason is low silver prices.
- I think Silvercorp Metals should be worth at least $800 million at today’s silver prices.
For further details see:
Silvercorp Metals Continues To Deliver And Looks Undervalued