Derek Iwanaka of Prince Silver Corp. presents at Metals Investor Forum in Vancouver | Sep 2026
Metals Investor Forum Sep 25, 2026 10:49
Summary
Prince Silver doubled its land position in Nevada's Pioche District and drilled more than 10,000 meters ahead of a maiden resource estimate.
The historic Prince Mine produced roughly $600 million of silver before closing at $0.73 per ounce, leaving mineralization intact at today's $65.
Three rigs are turning on 130 historical and 37 new holes, with another batch of drill results due in about two weeks.
Prince Silver is pursuing US critical minerals grants, which the CEO argues have driven share-price pops for domestic juniors.
Chen Lin's takeaways
- Top takeaway Chen Lin is identified as a shareholder of Prince Silver Corp and a recent visitor to the Prince Mine site, and is thanked on stage for raising the soft share price as a concern.
Derek Iwanaka's takeaways
- Top takeaway The speaker's central thesis is that the maiden resource estimate — likely delivered in early 2027 — will exceed expectations and force a market-cap rerating from ~$23M toward $200M+ on an EV/oz silver-equivalent basis.
- He argues the deposit was never depleted because the historic Prince Mine shut when silver was 73 cents/oz, and that modern silver near $65/oz justifies a fresh valuation.
- He frames Prince Silver as a potential 'whole district play,' citing the near-doubling of the land package and aggressive step-out drilling around the historic mine area.
- He uses his execution track record — becoming CEO a year ago at this same conference, raising ~$7M, and expanding the land position — as evidence the team can deliver the resource estimate.
- He acknowledges weak share-price performance and ties the rerating to upcoming metallurgy (possible November 2026) and the maiden resource estimate (likely early 2027).