Mining stocks to invest in , during the next precious metal bull market PART 2
Hello steemers and steemins.
Today i will publish part 2 of my top 5 stock picks for when the next precious bull market . If by any means you didn't read part 1 about my first pick . You can find it in the link below here.
Todays market
Today gold touched the 1250 $ line which is of course is a psychological price point in gold , but then fall back a little to 1248 being nearly steady at the moment of writing and the Dow and S&P500 nearly steady as well. And european stocks down a bit larger .
Like i said before , today i will discuss my 2th mining stock pick which in my opinion could be a great asset in your portfolio.
Pick nr 2.
Silver Bear Resources Inc. (SBR.TO)
https://www.silverbearresources.com/
Silver Bear Resources Inc. is a mining company based in Toronto , Canada. It is owner of the Mangazeisky Silver Project located approximately 400 km north of Yakutsk in the Republic of Sakha, Russia.
This is considered one of the highest grade silver projects in the world , and has a NI 43-101 feasibility study that accounts low cost, high return for mining project that is currently in the construction phase for silver commissioning in early 2017.
Here are some of the highlights of the property i got from their website.
The own an incredible amount of reserves and resources.
The amount of reserves and resources , combined with an incredibly low mining cost of around 11 $ p/t is absolutely amazing. Especially thinking that they are very close to start of their actual mining operation.
**During and subsequent to Q3 2016 the following milestones were achieved:
Project financing completed, with first tranche drawdown of US$42.9 million in September;
Ball mill installed and set into place, mechanical assembly close to completion;
Process Plant Weather-shield completed and boiler heating system commissioned;
Open pit pre-stripping completed; ore stockpile and implementation of detailed mine plan to begin in Q4 2016;
Updated Feasibility Study resulting in significant improvements in IRR (pre-tax) / (post-tax) from 43.6% to 86.1% / 40.2% to 81.9% and NPV (pre-tax) / (post-tax) at 5% discount from US$79.6 M to US$132.6 M / US$70.7 M to US$123.1 M with minimal impact on CAPEX and OPEX; and
Detailed mining plans in line with the Updated Feasibility Study being developed and additional mining equipment required secured through new lease agreements with Caterpillar Finance and Scania.**
This share is currently trading at 0.40 $ CAD on the TSX-V . Which is about 0.30 $ USD .
At this moment there are 162.93M shares outstanding and a float of 80.6M (source is yahoo , link will be provided below) .
https://finance.yahoo.com/quote/SBR.TO/key-statistics?p=SBR.TO
Which means there is great faith in this project from the insiders , and the price can raise big when silver goes , where i think it will be going in the coming 10 years and the mainstream will jump in.
I hope this article was very useful for you . And if so please don't forget to upvote or share with your fellow investors.
Also if you like , please follow me for the rest of my picks .
https://steemit.com/@cannabissativa
Ps. Always do you own research before buying someone else his stock picks , cause it is your money that is on the line