NIA's latest commentary:
The last time that NIA discovered a billionaire betting big on a silver exploration stock was in November 2014 when we profiled Arizona Mining (TSX: AZ), at the time known as Wildcat Silver, as our #1 stock suggestion for 2015 at a share price of $0.37. NIA pointed out that Arizona Mining/Wildcat Silver's Chairman and CEO Richard Warke had built the most incredible mining sector track record over the previous few years – making nearly all of his wealth in the gold/silver industry. His previous company Augusta Resource Corporation (AZC) had just been acquired two months beforehand for $550 million and his last company before that Ventana Gold was acquired in 2011 for $1.5 billion.
Three months ago, AZ reached a new all-time high of $3.49 per share up 843.2% from NIA's November 2014 suggestion price - making it the world's #1 best performing silver stock during this time period!
Southern Silver Exploration Corp (TSXV: SSV) at its current price of $0.52 per share reminds us very much of Arizona Mining/Wildcat Silver at $0.37 per share before it gained 843.2%. Click here to read the Forbes profile of Thomas Kaplan, who they estimate has a "real-time" net worth of $1.03 billion! You will see that Thomas Kaplan just like Richard Warke has built his wealth doing exactly what he continues to do today - investing in silver exploration companies - founding his first silver company all the way back in 1993!
Currently, SSV's Cerro Las Minitas silver-lead-zinc project located within the prolific Faja de Plata (Belt of Silver) of northern Mexico has an indicated resource of 10.8 million oz of silver, 189 million lbs of lead, and 207 million lbs of zinc. It also has an inferred resource of 17.5 million oz of silver, 237 million lbs of lead, and 626 million lbs of zinc. Based on current metals prices of $17.40 per oz silver, $1.01 per lb lead, and $1.24 per lb zinc - Cerro Las Minitas has a total in-situ resource value of $1.96 BILLION!
Thomas Kaplan through his firm Electrum Group is the largest SSV shareholder with a 36.64% stake in the company. In addition, Electrum recently fast tracked an earn-in agreement with SSV to acquire a 60% stake in the Cerro Las Minitas project with SSV retaining a 40% interest. Electrum has been funding SSV's recent Cerro Las Minitas drill campaigns - including the current 10,000 metre, 16 hole drill campaign that SSV launched in October and is expected to finish by mid-May with SSV planning to update its silver-lead-zinc resource estimate by July!
In NIA's opinion, when SSV announces its latest silver-lead-zinc resource estimate - we could see the overall size of the Cerro Las Minitas resource immediately double, along with a large percentage upgraded to higher resource categories! If NIA's is right, we could see SSV make a move similar to Arizona Mining/Wildcat Silver in the upcoming months!
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
