Speedy;s Top Pick for 2013
And the winner is..........................................
#10) Huldra Silver ~ This impressively high grade silver mine, Treasure Mountain, is trading with just a 60m market cap. It will be a quick ramp up period in 2013 as it has plenty of stockpiled material, with commercial production beginning in late Q4/early Q1. Although it has just a small mine permit, it will process 70,000 tons per year, at least until it upgrades its mine permit.
2013 Production, according to my calc's will be approximately 1.5m oz Ag. @ $5/oz. In 2014, it should come close to producing 2m oz. at $3.50 while it also is likely to receive an upgraded mine permit allowing production to then increase to 3m oz. +/- in 2014 and 4.2m or so in 2015 (assuming mill throughput increases from 200 tpd to 500 tpd). Currently the crushing circuit max capacity is 500 tpd, while the ball mill choke point is 300 tpd. In other words, it will require a rather small capital investment to upgrade its processing plant to produce over 4m oz.
Reaching commercial production and generating postive operating cash flow in Q1 or Q2 in 2013 should cause a market revaluation but to what degree remain to be seen.