ASX silver stocks

[Sean K]

There are, and venture to say, will be no primary silver companies worthy of investment in Australia. The explorer/developers have been set up to make managements rich in the next silver wave, investors will be destroyed. Taking a cynical approach and using them as silver 'tokens' for a spec trading approach will probably successfully fleece enough mugs.

They all seem pretty small scale when looking at the current top ten producing mines on a pa basis. Perhaps Australia is just not endowed with it compared to Mexico, or the Andes. Cannington (South32) made the top 10 last year, but stocks are dwindling. South has actually had a pretty good 2 years since the bottom of Covid. But, they're obviously got more irons in the fire than Cannington. Maybe finding a decent scale silver play on the ASX is not possible. Although, I suppose if silver breaks out those little miners will respond.

 

[mullokintyre]

I noticed South 32 is in the list.
It owns operates the Cannington mine which few years ago was the biggest in the world.
Falling grades and lower mining activity have pushed it well down the list.
It is still the biggest in Australia, but its a pretty small part of S32's income base.
It is moving away from metallurgical coal to base metals.
When you look at the breakdown, of revenue, Alumina and Aliminium make up about 4 billion revenue, Manganese 1.5 billion, coal 1 billion and copper silver lead etc make up about 1.7 bill.
The sale of coal assets in Sth Africa and purchase of a copper mine in Chile highlights its further move to base metals.
The silver part is just too small to have a material effect on the SP.
If you are willing to trade on international markets, CDE, which used to be Coeur De Lune silver mines, is another I have traded in the past, though it has become as much a gold interest as a silver interest.
Hecla mining is a Canadian silver miner that is one of the few almost pure silver plays, and is one I have started doing a bit of research on.
Mick

 

[Garpal Gumnut]

Are any ASF members up to speed on the latest gun Silver ASX stocks.

I was following them in 2020-21 but am a bit clueless atm. lol always clueless, but more so on Silver.

The POS seems low, below US$20 and looks as if it may head lower, so I'd like to prepare for the next up-cycle for ASX Silver stocks.

gg

 

[divs4ever]

nothing on my radar as a ( mostly ) silver play , SVL looks to be too far away from a profit for me

my silver exposure is mainly via co-products of miners making the thick end from other minerals

( various , gold and copper miners and S32 )

 

[Telamelo]

Are any ASF members up to speed on the latest gun Silver ASX stocks.

I was following them in 2020-21 but am a bit clueless atm. lol always clueless, but more so on Silver.

The POS seems low, below US$20 and looks as if it may head lower, so I'd like to prepare for the next up-cycle for ASX Silver stocks.

gg

@Garpal Gumnut I know of a couple of ASX Silver stocks namely MKR and ADT in addition to SVL that @divs4ever already mentioned above

 

[Captain_Chaza]

@Garpal Gumnut I know of a couple of ASX Silver stocks namely MKR and ADT in addition to SVL that @divs4ever already mentioned above

Do you have any reasons you must Buy a Passage on a Sinking SILVER Ship ATM
If So? Do So!
My only advice to you is to keep your wife and children far away from your urge to go a Sailing for Silver
Silver has hit a real storm!
This is like a Perfect Storm which is hit with 3 black Swan Events

I will publish the Silver Chart tomorrow in "Storm at Sea"

PLEASE ! Don't do anything in the meantime!

 

[moXJO]

Silver went down because I was thinking of selling off my physical holdings.

 

[qldfrog]

Silver went down because I was thinking of selling off my physical holdings.

A sign..of God?...that you should not sell.. definitely not your physical holding... or sell to me?

 

[moXJO]

A sign..of God?...that you should not sell.. definitely not your physical holding... or sell to me?

I figured I can overcharge on ebay after looking at the prices.

 

[divs4ever]

I figured I can overcharge on ebay after looking at the prices.

research the premiums from the dealers first , a very different price on the spot market compared to 'take it home in your pocket/truck '

almost tempted to team up with @qldfrog to make an offer

 

[moXJO]

almost tempted to team up with @qldfrog to make an offer

You two ain't suckers. I always try and extract as much as I can.

 

[frugal.rock]

You two ain't suckers. I always try and extract as much as I can.

Come in spinner