SilverCrest Metals (NYSE: SILV) Update - Oct 30

[dan_s]

SilverCrest hosted a luncheon in Houston today. Great presentation given by Christopher Ritchie, the Company's President.

SILV has been on my Watch List for over two years, but I've not been paying much attention to it. THIS ONE HAS A LOT OF UPSIDE FOR US.

SilverCrest Metals Inc. engages in the exploration and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico. The company was incorporated in 2015 and is headquartered in Vancouver, Canada.

The Company is now extremely profitable and debt free. They are producing Gold and Silver. After paying off all of their interest-bearing debt, they are building up a pile of physical gold. They announced a stock buyback on August 9th.

It has a lot of running room (~8 year mine life) and many more prospects in the area around their Las Chispas mine in Mexico.

Take a look at slide 6 here: https://www.silvercrestmetals.com/_resources/presentations/corporate-presentation.pdf?v=0.458
> They paid off all of the Company's debt in less than two years after the Las Chispas mine went into operations early in 2022.
> At 9-30-2023 they had $70 million in cash and $12 in physical gold.
> If you like free cash flow, look at slide 10
> Slice 29 shows that gold and silver may soon be in a significant supply shortage.

Timing is good on this one because they should be announcing some strong Q3 results in two weeks.

Another PLUS: SilverCrest Metals Inc. (SILV) now trades on Nasdaq

I hope to get Chris Ritchie on an EPG webcast soon.

[JBtheBrit]

Dan - thanks for the update. I have had a small holding of SILV since the original webinar you had on EPG. Its a good story - only clouded a bit a couple of months back by a mine update which lowered the reserve forecast. I am basically flat on my investment, but remain bullish on this one due to the impressive way they got the mine running, debt paid off etc. I do think there is upside here, from both their performance and price of silver. It's one of two Silver focused miners I hold - the other being Aya Gold & Silver, which despite the name is a silver focused name operating in Morocco with an impressive CEO (who has built / sold prior miners).

[dan_s]

Chris Ritchie is a financial buy that makes a very good presentation. Dallas and Houston were just the first two stops on a road trip to promote the stock. This is a debt free, profitable company with a lot of "running room".

Brought to my attention by the same EPG member that introduced me to Hemisphere Energy and InPlay Oil.