Initiating Coverage
We are initiating coverage on Reyna Silver Corp. with a BUY (Speculative) rating. The company is at an exploration stage, and our rating is based on the strength of the management team and projects, giving the company a strong chance of exploration success. Reyna is a silver exploration company with projects in Mexico and Nevada. It is drilling at is flagship Guigui project and at its high-grade Batopilas project, both in Mexico. In our view Reyna is one of the best silver explorer investments at this time given its particularly strong mix of management team and projects. We believe that now is a great opportunity to get in, as the company is drilling projects with both known high grades and size potential.