An Overview of Silver Bull Resources
Silver Bull Resources (NYSEMKT:SVBL) is a junior mining company with a large, promising silver/zinc exploration project in Coahuila, Mexico called Sierra Mojada. Recently the company released a preliminiary economic assessment (PEA) that shows the project is highly economical, and extremely valuable relative to the company's relatively small market capitalization of $49 million. At $20/ounce silver the NPV comes to over $300 million.
The Prevailing Investment Thesis
The Sierra Mojada Project will be a low-cost silver producer--thanks to zinc offsets--for many years, and while the stock price is down 12% for the year (vs. +25% for the Global X Silver Miners ETF (NYSEARCA:SIL)), investors have expressed optimism regarding the company's future....
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