Overview of Basic Fundamentals as of January 2020
New Pacific Metals
Market Capitalization $913.30 million (@ $4.88 as of 01/13/20)
52 week high/low 5.60/1/09
Shares Outstanding (Fully Diluted) 152.84 million
Cash position as of November 01, 2019 = $38.23 million (USD)
Flagship property is the ‘Silver Sand’ project in Bolivia
Newly Acquired is the ‘Silver Strike’ project in Bolivia
Five additional early stage projects in Bolivia
Not yet producing
MAJOR NEW PACIFIC METALS SHAREHOLDERS
Silvercorp Metals 29.9%
Pan American Silver Corp 16.8%
Dr. Rui Feng 7.0% (Feng is Chairman & CEO of Silvercorp Metals Inc.
Total Insider Ownership = 52.7%
POTENTIAL POLITICAL RISK
Political stability in Bolivia is a risk.
Bolivia’s first indigenous president Evo Morales was ousted/resigned after 14 years in office in November of 2019. On November 12, 2019 the U.S. government ordered family members of U.S. government employees to lave Bolivia because of potential civil unrest. The U.S. State Department also warned American citizens to avoid traveling to Bolivia.
Most gold and silver stocks have been on a tear in the fall of 2019. New Pacific Metals was as low as around .89 cents in December of 2018 and in the area of $1.34 around June of 2019. Seems New Pacific Metals has outperformed most stocks in this niche.
Is the price action justified?
Or, is it a hype job?
Are there better silver plays out there at better prices?
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