The company recently reported positive exploration results for its Parral Project in Chihuahua, Mexico. Bradford Cooke, Endeavour's CEO said:
With the success of our ongoing drilling and sampling exploration programs so far this year, management views the Parral Project as having good potential to develop another new high-grade silver mine. The Parral Project is our largest exploration expenditure this year and represents an important part of our growth strategy. We have re-conceptualized the development of the Parral Project as a potential two stage mine project due to the readily accessible high-grade mineralized blocks we have delineated underground. Given there are several toll mills operating in the Parral district, and we have already applied for a mining permit requiring minimal new surface disturbance, we envisage a first stage, small scale, high grade toll mine averaging around 200-250 tonnes per day to generate cash flow while we evaluate the possibility of a second stage, larger scale, 1,000-2,000 tpd high grade mine that could become a new core asset. We plan to mine a bulk sample and process it at a local toll mill in Q3, 2019 so that we can prepare a preliminary economic assessment for the stage one mine by year-end.
Endeavor has the potential to soar with the price of silver. The company does not have an excessive debt load compared to other junior silver miners.
Silver's latest move above the $18 level means that gold magnetic powers are rubbing off on the silver market. Silver is getting there when it comes to catching up with the yellow metal. On a percentage basis, EXK shares are getting there even faster in the current market environment.
Die guten Bohrergebnisse sind zwar schon im August mit den Q2 Berichten/Management Diskusssion veröffentlicht worden, der Autor des Artikels, Andrew Hecht von Hecht Commodity Report hat m.Ea. zu Recht diese Firma nochmals herausgestellt. ( ebenfalls bemerkenswert im Company-profil: Barmittel sind größer als die Schulden )