Silver Elephant Mining Corp. (ELEF.TO)

Silver Elephant Mining Corp. (ELEF.TO) — VMCI valuation read

Headline read on ELEF.TO: VMCI of 49/100 versus a Basic Materials sector median of 50. The 1-point below-median position is what makes Silver Elephant Mining Corp. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on ELEF.TO: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on ELEF.TO: value (ELEF.TO trades at 19.0x earnings, 6% above the Basic Materials median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Basic Materials median (10.0%)), and risk (net debt to EBITDA of 1.7x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Basic Materials 12.0x baseline.

ELEF.TO rose 2.1% over the trailing 7 days, with a -12.8% read on a 30-day basis.