Well over a year after announcing the start of a massive drilling program, New Pacific Metals (NUAG.V; NUPMF.OTCQX) finally unveiled the drill results.
And suddenly the world realized that a new, world-class silver project had been discovered — one with the potential to shake up the sector all by itself.
The good news for investors is that the market has barely begun to recognize how valuable this discovery could be.
By Brien Lundin
Dear John,
Who says a sequel is never as good as the original? In this case, the sequel could make quick-acting investors a fortune.
Because the man who discovered one of the world’s richest silver mines seems to have done it again. And this silver discovery looks to be much bigger.
Allow me to explain....
My friend Rui Feng, a PhD geologist, discovered the fabulously rich Ying silver deposit back in 2003.
He told me about this discovery early on, when virtually no one in the market was giving it any attention. I moved quickly to recommend his company’s stock to my Gold Newsletter readers, and boy am I glad I did!
That company was Silvercorp Metals...and it multiplied more than 20 times over from our entry level.
We made absolute fortunes on that one.
It’s Happening Again...
We’ve waited patiently for Rui to come up with his next project. Fully 14 years, in fact.
But Rui was patient. And he wasn’t about to spoil his track record with anything second-rate.
Now it looks like his reputation is going to be taken to an entirely new level.
Because in his latest company — New Pacific Metals (NUAG.V; NUPMF.OTCQX) — he’s made yet another blockbuster discovery.
He’s uncovered an absolutely massive deposit with rich silver grades...often beginning at surface and extending as far as his drills have probed so far.
When I say massive, I mean it: Between his drilling and the pits dug by local prospectors, the target area has already grown to 3.5 miles in length! And three-quarters of a mile wide!
And it’s still growing. One analyst has already said it could contain hundreds of millions of ounces of silver.
Here’s The Opportunity
It’s important to note that most junior exploration companies announce a couple thousand meters of drilling at one time, often much less.
But New Pacific Metals recently announced 55,000 meters of initial drilling in one fell swoop, because they’d quietly spent months gathering more ground around their discovery.
This has a couple of compelling implications for us as investors:
1) From out of nowhere, a new world-class silver project has suddenly emerged.
2) It seems that this fact, including the sheer size of the project, has yet to be fully digested by the market.
3) Once the market appreciates just how large Silver Sand is — and the potential it has to grow much larger as the drills keep turning — we could see some truly dramatic moves.
Remember: No one realized how big Silvercorp was going to be back in 2003. But those who recognized the potential and got in early had the chance to reap a 20-for-1 payday.
I think that record will be hard to beat, even for New Pacific’s remarkable project.
But as a shareholder myself, I’m truly excited by the potential New Pacific has to potentially multiply in value for not only myself but my Gold Newsletter readers.
I urge you to take a hard look at New Pacific Metals now, before more news comes out, and as silver prices are gaining ground once again.
All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
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