Why BUY?
See Bull/Bear case, catalysts, and full risk analysis
See why ($2.99)
Money back if you are not satisfied
Summary
1.
Sentiment has improved modestly as drilling is now underway and creates a clear news/data pipeline, though the stock’s near-term technicals remain weak while awaiting assays.
2.
The Hughes drill start is a clear new primary value driver (assays can re-rate the project quickly) and reduces “planning risk” now that execution is underway, while the strong cash balance limits near-term financing risk.
3.
Bull case: Kort sikt (1-3 mån):
- **Borrresultat** från Mogollon-projektet förväntas under Q1 2026 och kan ge kraftigt momentum.
- **Silverprisets styrka** och geopolitisk osäkerhet driver intresset för ädelmetaller.
- Inkludering i **Sprott Silver Miners ETF** ökar likviditeten och köptrycket.
Latest news
On 2026-03-23, Silver47 announced the start of a minimum 7,000 m drill program at the Hughes Project in Nevada (eastern extension of the Tonopah district). A core rig is on site with an RC rig expected shortly; initial focus is the Ruby target (angled holes to locate the main structure) plus Sapphire and Emerald. The market is now waiting for rolling assays/drill results; the company continues to cite a strong cash position (~C$54–55M working capital).