Why Apollo Silver will start trading up
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(Kitco News) - Apollo Silver CEO Tom Peregoodoff believes his company is set for a re-rating higher.
Peregoodoff spoke to Kitco Mining earlier in March.
Apollo Silver (TSX-V:APGO; OTCQB:APGOF) assembled an experienced and technically strong leadership team who have come together to advance world class precious metals projects in tier-one jurisdictions. The company is focused on the Calico Silver Project in San Bernardino County, California and the Silver District Project in La Paz County, Arizona.
Peregoodoff said the company is set to trade higher.
"We've been trading at a pretty significant discount to some of our peers," said Peregoodoff, who noted that resources at the company's properties are moving from inferred to measured and indicated. "I think that removes a lot of the uncertainty around the silver resource."
Peregoodoff also said that investors are taking note of Apollo's good location. Both project jurisdictions are mining friendly, and Apollo is a U.S. pure silver play.
The management team has a strong track record. Peregoodoff has over 30 years industry leadership experience through all stages of exploration, and was VP Early Stage Exploration at BHP and CEO at Peregrine Diamonds before taking over leadership of Apollo.