$SSV.V - SOUTHERN SILVER I doubled my position in SSV today. My...
Silver Santa@Silver__Santa
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Jul 16, 2025
~2 min read
1
$SSV.V - SOUTHERN SILVER
I doubled my position in SSV today.
My investment thesis is that Southern Silver, with one of the world’s largest and highest-grade undeveloped underground silver deposits, is currently undervalued and well-positioned to perform strongly in the next silver bull market. Historically, it has delivered X10 gains in bull markets, and I see no reason why it won’t do so again. DYODD.
SSV is a junior silver exploration company focused on Mexico:
Cerro Las Minitas (CLM) Project
+ Located in Durango, Mexico, part of the famous Silver Belt.
+ Recognized as one of the largest and highest-grade undeveloped silver deposits globally.
+ Measured & Indicated: ~116 million ounces AgEq at ~271 g/t AgEq (large)
+ Inferred: ~186 million ounces AgEq at ~248 g/t AgEq (large)
+ Operates as underground mine, with a 17-year life.
+ AISC around $13.23 USD/oz (very low).
+ No royalties; 100% owned by Southern Silver after acquiring remaining 60% from Electrum in 2020.
+ Located near infrastructure: ~7 km from grid power and adjacent to interstate highway.
+ Resource remains open for expansion laterally and at depth.
Market Capitalization & Valuation
+ Current market cap: approx. C$105 million.
+ Low valuation metrics (~$0.30 EV/oz AgEq).
+ Estimated value in bull market: $500-$1000 million USD.
Technical Analysis & Stock Performance
+ Recent technical breakout on weekly and monthly charts+
+ Breaking a 5-year downtrend since 2020 peak.
+ Quadruple bottom pattern and prior history of X10 price appreciation after such patterns noted.
+ Stock price is well below analyst target, implying X5 upside to C$1.25 target.
Location & Nearby Operations
Key neighbors include:
+ Hecla Mining’s San Sebastián (~10 km east)
+ Avino Silver & Gold’s Avino (~14 km west)
+ Coeur Mining’s La Preciosa (~30 km west)
Management & Ownership
+ CEO Lawrence Page: previously Secretary & Director at Western Silver Corp.
+ Institutional investors plus management own roughly 36.3%.
+ Thomas Kaplan, a billionaire resource investor, is the largest shareholder. He provides financial stability and long-term strategic vision.
Capital Structure & Financing
+ Southern Silver has confirmed no plans to raise capital in 2025, reducing dilution risk.
+ Acquisition of 100% ownership of CLM eliminates joint venture complexities and title risk.
Market & Industry Context
+ Mexico is shifting focus away from open-pit projects due to regulatory and environmental challenges.
+ Large underground silver deposits like CLM are increasingly attractive to intermediate and major silver miners.
I doubled my position in SSV today.
My investment thesis is that Southern Silver, with one of the world’s largest and highest-grade undeveloped underground silver deposits, is currently undervalued and well-positioned to perform strongly in the next silver bull market. Historically, it has delivered X10 gains in bull markets, and I see no reason why it won’t do so again. DYODD.
SSV is a junior silver exploration company focused on Mexico:
Cerro Las Minitas (CLM) Project
+ Located in Durango, Mexico, part of the famous Silver Belt.
+ Recognized as one of the largest and highest-grade undeveloped silver deposits globally.
+ Measured & Indicated: ~116 million ounces AgEq at ~271 g/t AgEq (large)
+ Inferred: ~186 million ounces AgEq at ~248 g/t AgEq (large)
+ Operates as underground mine, with a 17-year life.
+ AISC around $13.23 USD/oz (very low).
+ No royalties; 100% owned by Southern Silver after acquiring remaining 60% from Electrum in 2020.
+ Located near infrastructure: ~7 km from grid power and adjacent to interstate highway.
+ Resource remains open for expansion laterally and at depth.
Market Capitalization & Valuation
+ Current market cap: approx. C$105 million.
+ Low valuation metrics (~$0.30 EV/oz AgEq).
+ Estimated value in bull market: $500-$1000 million USD.
Technical Analysis & Stock Performance
+ Recent technical breakout on weekly and monthly charts+
+ Breaking a 5-year downtrend since 2020 peak.
+ Quadruple bottom pattern and prior history of X10 price appreciation after such patterns noted.
+ Stock price is well below analyst target, implying X5 upside to C$1.25 target.
Location & Nearby Operations
Key neighbors include:
+ Hecla Mining’s San Sebastián (~10 km east)
+ Avino Silver & Gold’s Avino (~14 km west)
+ Coeur Mining’s La Preciosa (~30 km west)
Management & Ownership
+ CEO Lawrence Page: previously Secretary & Director at Western Silver Corp.
+ Institutional investors plus management own roughly 36.3%.
+ Thomas Kaplan, a billionaire resource investor, is the largest shareholder. He provides financial stability and long-term strategic vision.
Capital Structure & Financing
+ Southern Silver has confirmed no plans to raise capital in 2025, reducing dilution risk.
+ Acquisition of 100% ownership of CLM eliminates joint venture complexities and title risk.
Market & Industry Context
+ Mexico is shifting focus away from open-pit projects due to regulatory and environmental challenges.
+ Large underground silver deposits like CLM are increasingly attractive to intermediate and major silver miners.
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