Southern Silver Exploration Corp. (SSVFF)

[ThSeeker]

Investment Highlights
Southern Silver Exploration Corp. (“company”, “SSV”) is focused on advancing the Cerro Las Minitas silver-lead-zinc property in Durango, Mexico. The property is located close to several wellknown mines / advanced stage deposits, offering toll milling options for SSV to advance to production quickly, and at a significantly low CAPEX.

? New York based Electrum Group, holds a 60% interest in the project having invested US$5 million on the property since 2015. Electrum also holds 35 million shares of SSV, or 37% of the total outstanding.

? In January 2018, an updated resource estimate on the Cerro Las Minitas property showed 116 Moz indicated, and 93 Moz inferred silver equiv. oz.

? We are initiating coverage with a fair value estimate of $0.58 per share.

? Since taking control in 2010, SSV has spent a total of $15.5 million on the project, indicating a discovery cost of just $0.075 per oz.

? The company is planning an aggressive drill campaign in 2018, with the goal of expanding the total resource to over 300 Moz silver equiv.

? We expect multiple catalysts for SSV’s shares price in the nearterm.

Per Analysis by Fundamental Research Corp