CruxCasts

Discovery Metals (DSV) - Fully-Funded Mexican Silver Player with a Clever Plan

July 9, 2020

Interview with Taj Singh, President & CEO of Discovery Metals (TSX-V: DSV)

Discovery Metals: a Mexican silver developer that is part of the renowned Oxygen Capital Corporation. Sprott is the largest shareholder with c. 24% of the company.

The company has reinterpreted an asset that had been designated an uneconomic bulk-tonnage operation by the previous owner because of the depressed silver price. However, by focussing on a high-grade silver drill core and a phased drill programme that includes a silver resource by this time next year, the share price has been on the rise to a record high. The project, Cordero, is one of the largest development-stage silver projects in the world. 

The silver player is fully-financed through to production with $40M in the bank. Let's see if Singh can hit his deliverables. We're impressed so far.

Company Page: https://dsvmetals.com/

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