Silver Market Reversal Anticipated
Shawn Khunkhun, President and CEO of Dolly Varden Silver (DVS), forecasts a significant surge in silver prices. In an interview on The Jay Martin Show, Khunkhun outlined the company's strategic positioning to capitalize on this expected upswing, highlighting DVS's NYSE listing and substantial assets in British Columbia's Golden Triangle.
Khunkhun, a veteran in the precious metals sector with over two decades of experience, discussed the market dynamics, the importance of Dolly Varden's recent NYSE listing, and exploration prospects. He emphasized the increasing industrial demand outpacing supply and the historically high gold-to-silver ratio as key drivers for silver's anticipated rise. The NYSE listing is seen as a crucial step to attract U.S. investment capital focused on precious metals.
Khunkhun stressed that Dolly Varden's strength lies in its resources and location. The company boasts a substantial silver and gold resource in a safe, mining-friendly jurisdiction. He stated, "We've got size. We've got the grade. We're a safe jurisdiction. We've got the most incredible support from shareholders. And now we're taking the big swings in the best rocks on the planet." He also noted the company's history of accretive deals, enhancing shareholder value beyond exploration alone. With a strong treasury and increased market capitalization, Dolly Varden is poised for growth.
Dolly Varden plans significant exploration in the Golden Triangle, focusing on the Big Bulk porphyry target. The company is also considering acquisitions, leveraging its financial strength to capitalize on undervalued assets. Khunkhun explained, "We're at a time right now where there are incredible opportunities out there that are trading at very, very low valuations. And we're not a have-not company. We're a company that's got treasury that's got currency that has liquidity. We've got a great project, but we're ambitious to grow." This dual approach of exploration and strategic corporate development aims to establish Dolly Varden as a major player in the silver market.
Khunkhun aims to build Dolly Varden into a company like First Majestic or Pan American Silver. He cautioned against rushing development and emphasized letting geology guide the company's strategy.
Shawn Khunkhun's interview highlights Dolly Varden Silver's strategic positioning to capitalize on a potential silver price surge. With strong assets, a growth strategy encompassing exploration and acquisitions, and access to the U.S. investment market, Dolly Varden is set to benefit from silver's anticipated "big moment." Investors interested in high-grade silver in a stable environment will likely watch Dolly Varden's progress closely.