(Corrects the broker's name in the headline and the body of the story, the name of the Australian bourse in the second paragraph, and the price target in the fifth paragraph)
Andean Silver's (ASX:ASL) Cerro Bayo mine in Chile shows significant potential for additional discoveries, according to a Thursday note by Euroz Hartleys.
Euroz Hartleys notes that the project has the highest-grade silver deposit on the Australian Securities Exchange and is infrastructure-ready, producing two high-demand commodities, gold and silver.
With surface indicators suggesting further discoveries, Euroz Hartleys said ASL could become a 100,000 ounces per year producer of gold and silver.
Gold and silver prices have room to rise and each accounts for about 50% of ASL's revenue, Euroz Hartleys added.
The firm maintains Andean Silver's speculative buy rating and AU$2.24 price target.
Euroz Hartleys moved to a "conservative" model as Andean Silver's traders are likely to support future production at the project.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。