Summa Silver is a junior silver explorer in Nevada and New Mexico.
In the US – SSVRF
In Canada – SSVR
Summa Silver…as of February 08, 2023…in USD
Market Cap = $45mm
Yearly Low / High = 0.35 / 1.29
Price on Feb 07 2023 = 0.49
All Time High = $1.67 (the current price on 2/8/23 is approximately 70% off the all time high)
The company has high-potential properties in the U.S. in New Mexico and Nevada.
The Mogollon Project is in New Mexico and the Hughes project is in Tonopah, Nevada.
The company has approximately $10 million USD in cash, and debt is nil.
Eric Sprott owns 18%
Management, insiders and close associates own 26%
Institutional and high net worth individuals 27%
Retail investors owns about 29%
Their most recent private placement was done in December of 2022 for $10m and was led by Eric Sprott.
Sprott has participated in multiple private placement for Summa Silver in the past.
Past Private Placements
December 2022 (led by Sprott)
…….Done at 0.80 cents (Canadian) with 1/2 warrant exercisable at C$1.20 nor 3 years
The company will have 3 rigs in full operation as of February 2023 in New Mexico. According to mining analyst Jeff Clark, who said in his newsletter ‘The Gold Advisor.com’ on February 02,2023 that he has an over-weighted position in Summa Silver. Clark said the company’s first target in New Mexico “represents only about 1% of the total vein and strike length.” Clark attributes recent weakness in the stock price to dilution from the most recent private placement in December 2022.
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