This precious metals environment is a mining exec’s wet dream to put it bluntly. And while some are sitting back and enjoying the inherent rise in valuations, others have their nose to the grindstone to get more out of that multiple.
One prime example is Silver Tiger Metals (TSXV: SLVR). They recently published a preliminary economic assessment for a proposed underground mine at their flagship El Tigre asset—and at the exact same time—they dropped an updated Pre-Feasibility Study for the proposed open-pit operation.
Now, they’re looking to raise $50 million via a bought deal, right on the heels of a $40 million raise in November. What’s impressive here is that their initial capex for one of these projects is now basically fully funded.
Talk about hustle. Let’s dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
