New Pacific Metals Stimulated As Illegal Mining Stopped In Bolivia, And Record Silver Prices
Summarize this article with:
Alberto Abaterusso6.42K FollowersFollow5ShareSavePlay(25min)CommentsSummaryNew Pacific Metals Corp. (NEWP) is upgraded to Buy (from previous Hold rating), reflecting strong project progress, robust silver prices, and renewed financial certainty.NEWP's Bolivian Silver Sand and Carangas projects are advancing, backed by recent C$40.42M equity financing and strategic investments from Silvercorp and Pan American.At current silver prices, Silver Sand and Carangas projects show NPVs per share of $16.37–$20.35 and $10.43–$12.90, respectively, versus NEWP's $2.84 share price.Risks include high exposure to onshore mining in Bolivia and low equity liquidity, but not-bad NEWP's liquidity runway and institutional backing support the optimistic thesis. natatravel/iStock via Getty Images A Buy For New Pacific Metals Corp. This article contains a Buy rating for the NYSE-listed shares of New Pacific Metals Corp. (NEWP). This represents an upgrade from our previous rating ofThis article was written byAlberto Abaterusso6.42K FollowersFollowAlberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You