/biz/ - Business & Finance

>>29549018
pic probably related

>>29385540

>>27637531

Yes, thank you, completely agree with you.

>27640146

>source on only 18 co produce 1 million ozt?

https://youtu.be/m-qYvxpsQ8E?t=951

Top mining-stock expert Don Durrett a couple of weeks ago in this interview:

"There's only 18 silver miners that produce more than 1 million ounces a year. There's not that many."

>>27629642

Silver juniors went 150x when silver merely doubled.

>Peaked?
>Peaked, Dee?
>Hahahaha.
>Let me tell you something.
>I haven't even begun to peak.
>And when I do peak, you'll know.
>Because I'm gonna peak so hard that everybody in Philadelphia's gonna FEEL it.

>>27394616

>Which miners in particular anon?

If fundamentals and previous bull markets are anything to go by, pretty much all of them.

>>27376359

>>27340704

>redpill me on junior silver miners, seems like that's the most profitable way to invest in metals no?

"Newcomers might not be aware of a little secret which we have talked about on /pmg/ for some time. When silver merely doubled in the '60s silver bull market, the average silver penny stock went up _150x_ in price. Silver miners provide unbelievable leverage to the price of silver. This is because every dollar which silver goes up by is pure profit for them. For example, it has been calculated, from an objective view of future cash flow, that First Majestic Silver (a mid-tier) would go 10x at $50 silver, and Bayhorse Silver (a microcap) 100x. Even if you bought the top of whatever silver stock goes up the most today, you would still be getting in essentially at the bottom of this bull market. Given where silver is going (at least 40x to $1000 to reach fair value), these silver stocks are going to increase hundreds or even thousands of times in price."

>>27336356

Ignore any temporary movements in the spot price, it's simply a fake derivative number from the COMEX. We're squeezing their physical supply and there is nothing they can do about it.

>>27193286
>( that will only ever remain a boring inflation hedge).
lmao silver can literally go 1000x you absolute brainlet

>>27084555

I tirelessly advocated for them for six months. Don't have the energy to repeat myself now but people have screenshotted my posts. They are going to be a 1.3 million ounce/year producer and yet their market cap is a mere $15 million. Cost to produce an ounce is only $10 because their silver is ultra-high-grade. So at $50 silver that's 50 - 10 = 40, x 1.3 million = 52 million in cash flow. Miners often trade at 30x cash flow valuations in bull markets so that's a 1.5 billion market cap at only $50 silver, or a 100x gain at $50 silver. If silver goes to triple digits Bayhorse will give you a 1000x gain. At $800 silver a 2000x gain. This sounds absurd but it really isn't, it's simple mathematics. There are only 18 1-million-ounce-per-annum silver producers in the entire world.

>>27084898

I'm here.

>>26427718

Junior miners are going to outperform 2011 Bitcoin. An example which I have given here again and again is that the average small cap silver miner went up 150 times in '60s when silver doubled. We saw even greater gains in the 70s and 80s. Andin the '01-'11 bull market, First Majestic and many other then-small caps did the same thing again and went 150x. As it stands, silver would have to go not merely double but nearly 40x to reach its inflation-adjusted ATH of $966. 150x sounds impossible but it really isn't. I know of a company which has a $12 million mcap. There are detractors who attack it and say that it can't get into production. But if it does, it can produce a million silver ounces a year at a cost of $10 per ounce. Mining stocks in miner bull markets often get to a 30x cash flow valuation. So the stock might go 100x at $50 silver, 500x at $200 silver, 1000x at $400 silver, and 2000x at $800 silver. That's an extreme example and an example of an extreme risk-stock, but you can calculate the numbers on any number of safer silver producers and find similarly absurd gains as a result of simple mathematics. There aren't many of them around. There are only 18 silver companies which even produce a million silver ounces or more per annum. Their market caps are so small right now that the BTC market cap could buy all of them along with the annual investable supply of silver 10 times over to boot.

There is a risk involved in buying small producers or drilling companies, but as you go towards the larger market caps you get increasingly derisked. And if you buy an ETF like SILJ then you own dozens of different producers in many different countries, thus derisking yourself almost entirely. Those are mid-tier producers, not small caps, but even so I expect that even SILJ would go 100x at $400 silver. For example, First Majestic (a mid-tier) is one of the largest holdings in SILJ, and it has been calculated that that stock would go 10x at $50 silver alone.

>>26427718

Junior miners are going to outperform 2011 Bitcoin. An example which I have given here again and again is that the average small cap silver miner went up 150 times in '60s when silver doubled. First Majestic and many other then-small caps did the same thing and went 150x in the '01-'11 bull market. As it stands, silver would have go not merely double but nearly 40x to reach its inflation-adjusted ATH of $966. 150x sounds impossible but it really isn't. I know of a company which has a $12 million market cap. There are detractors who attack it and say that it can't get into production. But if it does, it can produce a million silver ounces a year at a cost of $10 per ounce. Mining stocks in miner bull markets often get to a 30x cash flow valuation. So the stock might go 100x at $50 silver, 500x at $200 silver, 1000x at $400 silver, and 2000x at $800 silver. That's an extreme example and an example of an extreme risk-stock, but you can calculate the numbers on any number of safer silver producers and find similarly absurd gains as a result of simple mathematics. And there aren't many of them around. There are only 18 silver companies which even produce a million silver ounces or more per annum. Their market caps are so small right now that the BTC market cap could buy all of them along with the annual investable supply of silver 10 times over to boot.

There is a risk involved in buying small producers or drilling companies, but as you go towards the larger market caps and larger producers you get increasingly derisked. And if you buy an ETF like SILJ then you own dozens of different producers in dozens of different countries, thus derisking yourself almost entirely. Those are mid-tier producers, not small caps, but even so I expect that even SILJ would go 100x at $400 silver. For example, First Majestic (today a mid-tier producer) is one of the largest holdings in SILJ, and it has been calculated that that stock would go 10x at $50 silver alone.

>>26262615

>>26219570

People who have patiently held over the past 7 months are going to deserve every penny of the 150x.

>>26203033

Gold, silver, and mining stocks are the most undervalued assets in the world, do not delay in establishing your position. Cryptos will go to zero when Russia, China and the other Asian nations go back to gold and dump the dollar; stocks are trading at 30x forward earnings; houses are at 8x earnings. Meanwhile, silver needs to go over 30x to return to its inflation-adjusted ATH of $850, and most mining stocks are trading at absurd levels like 4x cash flow or P. E. ratios of 7 or 8. If you sell your crypto to get into PMs now you are not only preserving your wealth but making the trade of the century.

>>26172484

Owning 30 ounces of gold ($55,000 in today's currency) puts you in the top 1% of gold owners and undoubtedly in the top 1% of the world's new financial élite after the reset. At that point better to go with silver, a case where owning only 60 ounces ($1,500) puts you in the top 1% of silver owners. There is a considerable chance that the GSR might return to 1:40 (recent historic trend), 1:15 (historic), 1:8 (mining ratio), 1:3 (Renaissance/mediaeval times) or even 1:1 or 2:1 (ancient Egypt).

>>26168658

Physical silver and silver mining stocks (SILJ).

>>26161148

Silver is the most undervalued asset in the entire world. Needs to go over 30x to reach its previous inflation-adjusted ATH of $850. Mined at a ratio of 8:1 with gold and yet the GSR is 1:70. Historic GSR is 1:15 and has been as low as 1:3 or even 1:1. Almost no above-ground stockpiles of silver. Likely to be re-monetized by Latin American nations. One of the most useful metals in the world and essential for modern life. The only things which are more undervalued are silver mining stocks. You should have some junk silver (pre 1965 coinage) simply in order to have something to barter with after the collapse of fiat, which is coming soon.

>>26020270

This is how junior mining stocks work. If silver goes down $2, your stock goes down 25%, if silver goes up $2, your stock goes up 25%. The leverage works both to the upside and the downside. These miners are going up 100s of times at $100+ silver, so if you believe in the PM thesis, simply don't fret about the price movement every day and stop checking your portfolio. Dolly Varden is the safest stock that you could possibly hold so if you believe that silver is going up there is no reason to keep thinking about the price and upsetting yourself. Best thing to do would be to forget your miners entirely for the next six months.

>>26020659

You want to have at least 10-25% of your net-worth in physical bullion, simply because that has no counterparty risk. So if there is WW3 and every miner in the world gets nationalized and life comes to look like a Fallout game, you will always preserve your wealth. Other than that, I don't see anything the matter in using mining stocks to build physical, whether by collecting physical dividends or by taking profits on miners and immediately buying metal with the fiat.

>>26005204

Another picture to indicate how early we are. Silver needs to go 34x to reach its 1980 inflation-adjusted ATH ($850). $30 silver is the next step, we simply need that confirmation to get investors confident again that this really is a PM bull market.

>>25804806

In the 70s and 80s bull market, gold went 25x, silver went 36x, and mining stocks went 100s of x, and that was simply from the fear of the dollar dying. This time it actually is going to die. Gold and silver have a long way to go. The DGR (Dow Gold ratio) ought to correct from 16:1 to 1:1, or even overshoot 1:2, and the GSR (Gold Silver ratio) should correct from 1:70 to 1:15, as happened in 1980. Mining stocks were also almost never more undervalued than they are right now, and need to double or triple to reach fair value, even at today's metal prices. Many producers are trading at absurd valuations like 4x cash flow or with P. E. ratios of 8.