Discovery Metals (DSV) - Fully-Funded Mexican Silver Player with Clever Plan
Matthew Gordon, Ptolemy Capital
9 Months ago
Discovery Metals: a Mexican silver developer that is part of 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.
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