Mithril Silver & Gold: Is +600% Upside possible?Mithril Silver & Gold combines district-scale high-grade gold-silver targets in Durango, Mexico with a compelling technical setup:
1. Experienced team: CEO and technical leadership have a proven track record taking projects from discovery through feasibility to successful exits, including multi-million ounce deposits.
2. District-scale upside: Six targets across the Sierra Madre district, with Target One already defined (~0.5Moz AuEq) and significant potential for lateral and depth extensions.
3. High-grade, low-capex potential: Target One grades ~7 g/t AuEq, offering the possibility of a high-margin resource with quick capital payback (<18 months according to CEO).
4. Well-funded exploration: Strong cash position (~A$14.2M as of March 31) plus a subsequent CAD 11.5M brokered private placement, financing the planned 2025 drill program (~35,000m).
5. Aligned insiders: Management and key shareholders have meaningful skin in the game, incentivized to grow the resource.
6. Clear roadmap: Updated resource planned for early 2025, providing a catalyst for potential re-rating and value realization.
7. Regulatory environment: Local support at state and municipal levels in Durango, with manageable operational liabilities and no long-term debt reported as of the latest financials.
Technical: Downtrend since 2009, well-formed base over the past 3 years, September 2024 bar marked by highest volume ever (inside bar), forming a cup-and-handle already broken with satisfying volume. Measured move target sits above the long-term downtrend line.
💡 Bottom line: The combination of district-scale targets, high grades, an experienced team, and strong funding creates an asymmetric risk/reward setup for investors in the precious metals space.
