Investorideas podcasts on iTunes, Google Play Music and potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts crypto corner    Play by Play – the latest sports headlines and sports stock news    420 Cannabis Investor Ideas Call us 800 665 0411


Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

Bolivian Property Offers 'Potential to Be a District Scale Silver Project'

Source: Streetwise Reports


March 12, 2018 ( Newswire) Important development pieces have come together at the Silver Sand project in Bolivia.

New Pacific Metals Corp. (NUAG:TSX.V) recently announced several key developments. Two major ones were obtaining exploration permits from the Bolivian government in October of 2017 and subsequently beginning a 30,000-meter exploration drilling program. The company also completed a private placement with Pan American Silver Corp. and Silvercorp Metals Inc. to raise $26,980,000 in order to boost its financial base. Another significant event was that it ended Q2 of 2018 with working capital of $37,531,285.

Joe Reagor, an analyst for ROTH Capital Partners, commented on the developments in a Feb. 15 report, "We believe the Silver Sand project has the potential to be a district scale silver project that could attract a potential buyout in the next few years."

Going more in-depth, he added, "With funding in hand, New Pacific has embarked on a 30,000 meter drill program, which we believe could be expanded to 50,000 meters by the end of 2018 depending on the company's initial success. The company stated in January that it planned to receive initial drill results by the end of February 2018, but given recent delays in assay results at a number of mining companies, we anticipate drill results will be released by the end of March 2018."

Reagor also went into some details about Silver Sand's potential value, "We are initiating coverage of New Pacific Metals with a Buy rating and CAD$3.00 price target. We note NUAG is at an earlier stage than the other mining companies we cover, but believe the company's Silver Sand asset is too unique to ignore until further information becomes available. Our use of a CAD $3.00 price target is based on the expectation that the company spends over CAD $25 million advancing the asset through drilling over the next two years, which we believe could outline an initial resource north of 200 million ounces of silver."

Commenting on the extent of the project so far he said, "Given the early-stage nature of the Silver Sand project, we conducted a site visit in December 2017. We came away impressed with the scale and high-grade nature of the Silver Sand project."

The Silver Sand Project in Bolivia is New Pacific Metals' most important property. It became part of the company's portfolio when it acquired the previous owner, Alcira, in July 2017. Silver Sand is located near Potosi, Bolivia, at about 4,000 meters above sea level.

In addition to the Silver Sand property, New Pacific Metals also holds the Tagish Lake Gold Project in the Yukon, Canada, and the RZY Project in the Qinghai Province of China. Silvercorp Metals Inc. (TSX:SVM) and Pan American Silver Corp. (TSX/NASDAQ:PAAS) are the company's largest shareholders, according to the company.

New Pacific Metals' shares are currently trading at around CA$1.55.


1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own shares of the following companies mentioned in this article: None. He or members of his household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with New Pacific Metals.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of New Pacific Metals, a company mentioned in this article.

Disclosures from ROTH Capital Partners, New Pacific Metals Corp., Initiation of Coverage, Company Note, Feb. 15, 2018

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.


Shares of New Pacific Metals Corp. may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH makes a market in shares of MAG Silver Corp., Pretium Resources Inc. and Silvercorp Metals Inc. and as such, buys and sells from customers on a principal basis.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources - investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

Get News on Mining Stocks

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info:

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Please read privacy policy:

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner