Ross HealyFortuna Silver MinesFVI.TOHOLDMar 08, 2023

Would recommend selling at current prices. Does expect higher prices. Better options for investors in current markets. 

Likes both, but slightly prefers FVI, since it's so deeply out of favour. He's less conscious of political risk than most investors. Both are well run. Both have successfully brought Tier 2 deposits into production on time and on budget with efficient operations. 

Cheap stock price given large assets.
Believes company with be able to work through political problems.
Historically a good operator. 
Sees increased cash flow going forward. 
Very large silver assets. 

The stock is hitting resistance. Gold and silver have done very well. To know where the price of a commodity is going, look at companies that use the commodity. Look at FVI's share price, and that's been rallying. Don't add positions in gold and silver now, because mid-May enters seasonal strength in the USD--bad for Canadian minerals. But look at these names in late-June. Be patient.

Merging with Roxgold That acquisition was unpopular with FVI shareholders, but it nicely adds gold to FVI and exposes them to the Ivory Coast of Roxgold's mine. The fair market value is much higher than current stock levels.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their revenues were 32% better than expected at $103M. Sales rose 50% YOY. EBITDA increased 78%, beating estimates. Production was good and mines are producing and selling well. Prices are higher than 2019. Balance sheet and guidance is good. Even after big gains, the stock is trading at 8x earnings which is attractive for the sector. Unlock Premium - Try 5i Free