Assessing Aftermath Silver (OTCPK:AAGF.F) Valuation Following Berenguela’s New Mineral Resource Estimate

Aftermath Silver (OTCPK:AAGF.F) just dropped a fresh Mineral Resource Estimate for its Berenguela project in southern Peru, updating the geological model and resource mix in a way that could shift how the market values the asset.

See our latest analysis for Aftermath Silver.

The new Berenguela resource update lands after a strong run, with the stock delivering a year to date share price return of roughly 108 percent and a 3 year total shareholder return above 200 percent, even though momentum has cooled a bit in recent months.

If this kind of re rating story has your attention, it might be worth exploring other potential movers using our screener for fast growing stocks with high insider ownership.

With the resource base reshaped and the share price already on a tear, the key question now is whether Aftermath Silver still trades below what Berenguela could ultimately be worth, or if the market is already pricing in that growth.

Price to Book of 8.6x: Is it justified?

At the last close of $0.70, Aftermath Silver trades on a Price to Book Ratio of 8.6 times, which screens cheap versus similar peers but expensive against the wider US metals and mining space.

The Price to Book Ratio compares a company’s market value to the accounting value of its net assets and is often used for asset heavy sectors like mining explorers. For Aftermath Silver, this lens matters because the investment case is tied to the value investors ascribe to its projects today versus their balance sheet carrying value.

Relative to a narrower peer group, Aftermath Silver’s 8.6 times multiple sits below the 14.3 times average. This suggests some investors may still be hesitant to pay up fully for its asset base despite the recent share price rally. However, when measured against the broader US metals and mining industry average of just 2.1 times, the company looks richly priced. This implies the market is already assigning a substantial premium for the Berenguela story and future upside.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price to Book Ratio of 8.6x (ABOUT RIGHT)

However, investors still face meaningful risks if drilling disappoints at Berenguela or if funding conditions tighten for loss making explorers with zero current revenues.

Find out about the key risks to this Aftermath Silver narrative.

Build Your Own Aftermath Silver Narrative

If you see things differently or want to dig into the numbers yourself, you can build a personalised view of Aftermath Silver in minutes: Do it your way.

A great starting point for your Aftermath Silver research is our analysis highlighting 4 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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