Minco Silver Overview
Minco Silver (OTCQX:MISVF) is a pre-development stage silver miner with a high grade underground silver mine in southeastern China called Fuwan. The company is incredibly undervalued with a $54 million market cap. Not only is the Fuwan project worth substantially more than this, but the company has about $60 million worth of cash, equivalents and receivables on its balance sheet vs virtually no liabilities.
The reason for this is that investors are concerned that the Fuwan project will not be built. Minco released its feasibility study nearly 5 years ago back in October, 2009, and yet the company has still not received its permits and it has not yet had its EIA approved. Furthermore locals...
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