5 Canadian junior silver stocks with something to prove — Silver is shining

So with the current state of silver pricing, PC Silver Mine makes economic sense, Honey Badger doesn’t have to wait.

Official response and confirmed impact

But before you throw down your hard-earned money, one thing needs to be made clear. A PEA is not an operational mine.

Honey Badger still has something to prove.

PC Silver Mine may have a billion-dollar NPV but Honey Badger needs to put together financing to complete the necessary development work, restart an old mining complex in a remote region of the Northwest Territories and come back with the actual grades, recoveries, throughput and operating costs assumed in the study.

Also, it’s not only contending with the price of silver, the junior explorer can be materially impacted by movements in zinc, lead and copper prices.

However, if Honey Badger can execute on the financing, re-produce the assumed numbers, the robust economics of the PC Silver Mine could make the junior a major monster.

Of course, do your due diligence before making any investment decision.

Outcrop Silver arguably sits on one of the more interesting high-grade primary silver systems in the junior space.