- SilverCrest Metals released a Feasibility Study for its Las Chispas Project in Mexico, with the study confirming the exceptional results from the 2019 Preliminary Economic Assessment.
- The study projects average annual production of 10.0~ million silver-equivalent ounces at industry-leading costs below $7.50/oz.
- However, with a slight miss on my estimate for 140~ million silver-equivalent ounces, the stock looks no longer cheap at $10.00 per share.
- I continue to see a fair value above $11.00, but in order to bake in a margin of safety, I would only view pullbacks below $8.60 as low-risk buying opportunities.
For further details see:
SilverCrest Metals: Las Chispas Feasibility Study Confirms Outstanding PEA Economics