John Miniotis of AbraSilver: Silver Could Reach North of $40 in the Next 24 Months
John Miniotis, President and CEO of AbraSilver Resource Corp. (TSX.V:ABRA | OTCQX: ABBRF), this week spoke with Small Cap Steve at the Rule Symposium in Boca Raton, Florida. The interview opened with AbraSilver’s Diablillos project in Argentina, with Miniotis highlighting how recent precious metal price increases have substantially enhanced the project’s economic outlook:
“At $23.50 silver and $1,850 gold, we had a net present value of just under CA$700 million. At current spot commodity prices, it’s north of CA$1.3 billion. It’s almost a doubling of the net present value,” he shared, adding that on a per-share basis, the net present value has jumped from about $5 to over $10.
Miniotis expressed optimism about silver potentially reaching $40-$50 per ounce within two years. He also pointed to Argentina’s increasingly mining-friendly policies under President Javier Milei, contrasting this with growing challenges in Mexico, the world’s largest silver producer.
The conversation concluded with updates on AbraSilver’s ongoing 20,000-meter drill program at Diablillos. Miniotis noted that results are expected to start coming in within weeks, promising a consistent flow of news for investors.
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