Mithril Silver & Gold combines district-scale high-grade gold-silver targets in Durango, Mexico with a compelling technical setup:
1. Experienced team: CEO and technical leadership have a proven track record taking projects from discovery through feasibility to successful exits, including multi-million ounce deposits.
2. District-scale upside: Six targets across the Sierra Madre district, with Target One already defined (~0.5Moz AuEq) and significant potential for lateral and depth extensions.
3. High-grade, low-capex potential: Target One grades ~7 g/t AuEq, offering the possibility of a high-margin resource with quick capital payback (<18 months according to CEO).
4. Well-funded exploration: Strong cash position (~A$14.2M as of March 31) plus a subsequent CAD 11.5M brokered private placement, financing the planned 2025 drill program (~35,000m).
5. Aligned insiders: Management and key shareholders have meaningful skin in the game, incentivized to grow the resource.
6. Clear roadmap: Updated resource planned for early 2025, providing a catalyst for potential re-rating and value realization.
7. Regulatory environment: Local support at state and municipal levels in Durango, with manageable operational liabilities and no long-term debt reported as of the latest financials.
Technical: Downtrend since 2009, well-formed base over the past 3 years, September 2024 bar marked by highest volume ever (inside bar), forming a cup-and-handle already broken with satisfying volume. Measured move target sits above the long-term downtrend line.
💡 Bottom line: The combination of district-scale targets, high grades, an experienced team, and strong funding creates an asymmetric risk/reward setup for investors in the precious metals space.
1. Experienced team: CEO and technical leadership have a proven track record taking projects from discovery through feasibility to successful exits, including multi-million ounce deposits.
2. District-scale upside: Six targets across the Sierra Madre district, with Target One already defined (~0.5Moz AuEq) and significant potential for lateral and depth extensions.
3. High-grade, low-capex potential: Target One grades ~7 g/t AuEq, offering the possibility of a high-margin resource with quick capital payback (<18 months according to CEO).
4. Well-funded exploration: Strong cash position (~A$14.2M as of March 31) plus a subsequent CAD 11.5M brokered private placement, financing the planned 2025 drill program (~35,000m).
5. Aligned insiders: Management and key shareholders have meaningful skin in the game, incentivized to grow the resource.
6. Clear roadmap: Updated resource planned for early 2025, providing a catalyst for potential re-rating and value realization.
7. Regulatory environment: Local support at state and municipal levels in Durango, with manageable operational liabilities and no long-term debt reported as of the latest financials.
Technical: Downtrend since 2009, well-formed base over the past 3 years, September 2024 bar marked by highest volume ever (inside bar), forming a cup-and-handle already broken with satisfying volume. Measured move target sits above the long-term downtrend line.
💡 Bottom line: The combination of district-scale targets, high grades, an experienced team, and strong funding creates an asymmetric risk/reward setup for investors in the precious metals space.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.