Vizsla Silver Corp.Short
Vizsla Short-term bear and medium term bull
Very interesting new stock with a lot of potential.
However, appears a bit over-valued for a silver mine that is around two years away from production. Even if it starts producing, based on its measured and indicated reserves, it may still be a bit over-valued today, even if you discount likely future earnings (my rough scenario anyway).
Will reconsider, when / if the stock hits the zones I have market out - based on fib extensions. It may moon without me on-board. But, mining stocks are inherently risky and I definitely do not want to FOMO into a down-trend.
However, appears a bit over-valued for a silver mine that is around two years away from production. Even if it starts producing, based on its measured and indicated reserves, it may still be a bit over-valued today, even if you discount likely future earnings (my rough scenario anyway).
Will reconsider, when / if the stock hits the zones I have market out - based on fib extensions. It may moon without me on-board. But, mining stocks are inherently risky and I definitely do not want to FOMO into a down-trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.