Silver just hit a new multi-year high this
morning around $19.50! The silver price is up roughly 40% so far in
2016, making it one of the best performing asset classes of the year. While
most investors would be happy with a 40% annual return, several
junior silver stocks are up 300% or more year to date. One of the top
performing silver stocks that we track is up a massive 1250% year to date in
2016.
If you would have invested just $75,000 into this stock
six months ago, you would be a millionaire today! While we advocate holding
physical metals in your possession, these incredibly leveraged gains can
not be ignored.
This top performing silver company has nearly 30 million
indicated ounces of silver and another 28 million ounces in the inferred
category. Their silver resource is high grade and has blue sky exploration
potential. The company just completed a feasibility study that returned
very robust economics, including an after-tax IRR (initial rate of return) in
excess of 40% assuming a silver price of just $17.75.
Although this company is headquartered in Canada, they
are one of only a few silver companies with their project outside of
North America. The vast majority of silver projects are located in Mexico,
but this silver project is on an entirely different continent.
If you listen to mainstream media scaremongering, you
might think this brings added geopolitical risk. The leader of this nation is
a big boogieman to Western governments. But this country offers strong tax
incentives to companies mining in this particular region. While you will
often see a large gap between pre-tax and post-tax IRR figures, for this
particular project the two numbers are only a few points apart. Their tax
burden is extremely low and shareholders will benefit from this
favorable treatment.
While many junior silver companies have only vague
plans for reaching production years into the future, this particular company
is implementing fast-track execution plan to complete construction by
the end of 2016. They will be in pre-production by year end and if all goes
well, they will be in full production just six months from now.
Below is a picture of the region where this company has
their high grade silver project.
We first brought this stock to the attention of our
premium subscribers a few months ago at much lower prices. While the company
is not as well known as other silver companies, I am sure that many of you
know the stock or can uncover their identify with a little
digging. If you prefer to have us to do the research for you,
present our bullish case and send you trade alerts whenever we are buying or
selling, simply click here to join the Gold Stock Bull Premium Membership.
