Discovery Silver again announced solid first quarter financial results, raising nearly CAD 52 million at CAD 1.20/share through a large successful financing round. This has funded Discovery Silver through the feasibility study phase, which is expected to be completed in 2024. In the meantime, further drilling and permitting is underway - most notably the all-important Environmental Impact Statement. With silver facing a large supply deficit that could widen in 2023, we are positive on silver and also on silver mining companies like Discovery Silver, even though the share price has fallen sharply - it is unlikely to get any cheaper.
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