---
title: "$SICO.V  is one of the more asymmetric setups in silver right now. (Let me explain in under a couple min)👇"
url: "https://www.readplaza.com/posts/sicov-is-one-of-the-more-asymmetric-setups-in-silver-right-now-let-me-explain-in-under-a-couple-min"
author: "LadsoMarkets (@LadsoMarkets)"
type: "claim"
status: "active"
claim_sentence: "Silverco Mining (SICO.V) will reach a US$1B enterprise value by December 31st, 2027."
direction: "bullish"
ticker: "SICO.V"
ticker_name: "Silverco Mining"
published: "2026-06-25T18:04:18.399+00:00"
updated: "2026-07-28T12:25:54.435074+00:00"
resolution_at: "2028-01-15T00:00:00+00:00"
publisher: "GoingToADollar"
access: "public"
tags: ["Speculative", "Mining", "Long term", "Small", "Emerging", "Mining", "Speculative", "Emerging", "Small Cap", "Long term", "Equities", "Silver", "Silver Mining Companies", "Fundamental Analysis", "Earnings & Catalysts", "Market Sentiment"]
---

# $SICO.V  is one of the more asymmetric setups in silver right now. (Let me explain in under a couple min)👇

> Claim: Silverco Mining (SICO.V) will reach a US$1B enterprise value by December 31st, 2027.

<p>Silverco Mining has two 100%-owned underground silver mines in Mexico.</p><p>La Negra in Querétaro has been producing since 2024. 2,500 tpd mill. Silver-lead-zinc-copper mine with 40+ years of operating history. Limited exploration for nearly two decades, meaning nobody has properly defined how big this thing actually is.</p><p>Cusi in Chihuahua is a past-producing high-grade silver complex on the Sierra Madre Occidental belt. Underground contractors mobilized today. First ore late Q3. First concentrate Q4 2026.</p><p>54.4M shares out. C$7.74 today. Market cap roughly C$420M. ~US$50M cash.</p><p>Cusi resource alone:</p><p>41.2Moz AgEq M&amp;I at 262 g/t</p><p>31.8Moz AgEq inferred</p><p>73Moz total. 9,000m of 2025 drilling not yet in the resource.</p><p>Current EV is ~US$265M. That's ~US$6.40/oz in the ground on the M&amp;I.</p><p>MAG Silver trades at $20+/oz in the ground.</p><p>Distressed silver developers get $8-12/oz.</p><p>La Negra isn't even in that number yet.</p><p>Cusi PEA targets 2.5Moz AgEq/year. AISC $26.75/oz. Restart capex US$19.2M.</p><p>At $50 silver: ~$23/oz margin on 2.5Moz/year. ~$58M/year from Cusi.</p><p>La Negra targeting another 2.5Moz/year. Another ~$50M/year.</p><p>Combined at full run rate: ~$108M/year against a US$265M EV.</p><p>3-year target is 10Moz/year. </p><p>At $50 silver that's $200M+/year in cash flow against today's market cap.</p><p>Eric Sprott put C$10M in at C$12.50 in February.</p><p>Total insider buying over the past year: C$22.8M at an average of C$11.07.</p><p>Stock sits at C$7.74 today. </p><p>CEO previously built Victoria Gold. Corporate development ran SilverCrest. Board includes the former CFO of Wheaton Precious Metals and former CEO of MAG Silver.</p><p>Mexico jurisdiction risk is worth keeping in consideration. 10Moz/year requires a lot to go right. La Negra still needs its resource defined.</p><p>Not financial advice! Do your own research.<br><br>By end of 2027, Cusi should be at full run rate and La Negra formally resourced. Two producing silver mines.</p><p>Comparable producers trade at an average of $645/oz AgEq production. At 5Moz combined and just half that multiple, you get to US$1.6B+ EV.</p><p>A conservative target of US$1B by end of 2027 is roughly 4x from here. And it's still a discount to where peers trade today.</p>

## Author profile
LadsoMarkets (@LadsoMarkets)

Primary publisher: GoingToADollar

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