It is not inconceivable that we will see the silver price follow the gold price higher.
Gold usually leads the silver price by a year or two.We could see silver go to $20/ounce soon.
Case study:
Let's say silver goes from $15/ounce to $20/ounce. That's a rise of $5/ounce.
Endeavour silver has 10 million of silver production per year (Terronera included).
That would be an extra profit of 10 million x $5/ounce = $50 million per year.
Add a 10 P/E on that and you get a market cap of $500 million.
=> Endeavour silver could triple in stock price when this happens. Not to mention what would happen when silver goes higher than $20/ounce.
Gold usually leads the silver price by a year or two.We could see silver go to $20/ounce soon.
Case study:
Let's say silver goes from $15/ounce to $20/ounce. That's a rise of $5/ounce.
Endeavour silver has 10 million of silver production per year (Terronera included).
That would be an extra profit of 10 million x $5/ounce = $50 million per year.
Add a 10 P/E on that and you get a market cap of $500 million.
=> Endeavour silver could triple in stock price when this happens. Not to mention what would happen when silver goes higher than $20/ounce.
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