Attractive silver and lithium projects at a compelling valuation – initial price target 2.5p Arian Silver listed on AIM in 2006 and brought the San José silver mine in Mexico back into production. However, low silver prices led to the mine being handed over to its creditors in 2016. Undaunted, the same team is now broadening the exploration focus for Arian to become a lithium play. Comparing Arian Silver to select listed peers on the basis of the quality of its projects and exploration achievements gives an initial realistic initial target price of 2.5p per share. We thus initiate coverage of Arian Silver with a Conviction Buy stance.
12 May 2017
Arian Silver - Initiation of Coverage
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Arian Silver - Initiation of Coverage
Arian Silver (AGQ:LON) | 0 0 -2.0% | Mkt Cap: 1.01m
- Published:
12 May 2017 -
Author:
Dr. Michael Green -
Pages:
23
Attractive silver and lithium projects at a compelling valuation – initial price target 2.5p Arian Silver listed on AIM in 2006 and brought the San José silver mine in Mexico back into production. However, low silver prices led to the mine being handed over to its creditors in 2016. Undaunted, the same team is now broadening the exploration focus for Arian to become a lithium play. Comparing Arian Silver to select listed peers on the basis of the quality of its projects and exploration achievements gives an initial realistic initial target price of 2.5p per share. We thus initiate coverage of Arian Silver with a Conviction Buy stance.