From Silver North Resources to Volkswagen to Super Micro Computer: Where Are the Best Opportunities Now?

Silver North Resources: Contracts Secured for Major Drilling Program

Silver North set the course for the working year early on. With a two-year contract for two diamond drilling rigs from Boart Longyear, operational capacity for the 2026 and 2027 seasons is secured well into the fall. In addition, high-resolution geophysical surveys will be conducted by helicopter over the Haldane and Veronica projects. This move is not only logistically smart; it secures the necessary service providers for the company before the industry's peak season begins. Actual drilling is scheduled to begin in early June, provided this year's particularly snowy winter allows it.

The financial foundation for these ambitious plans is in place. With financing of approximately CAD 11.6 million secured in February 2026, the company is fully funded for the next two years, with no further capital measures foreseeable. At the same time, the Board of Directors has been strengthened. Nancy Curry, an experienced industry expert in the field of investor relations, has joined the board. Her long-standing expertise in the capital markets comes at a time when the company is systematically advancing its promising silver project pipeline in the renowned Keno Hill District.

These strategic preparations are geared toward a clear geological objective. The focus is on the "Main Fault," where one of the best drill holes in the company's history was achieved last year, yielding 13.15 m with over 818 g/t silver, including significant gold, lead, and zinc content. Two drill rigs will operate in parallel to systematically extend this mineralization at depth and along strike. This is complemented by the exploration of other promising structures such as Bighorn. With its established infrastructure and a clear roadmap, Silver North has positioned itself well for the coming months. The stock is currently trading at CAD 0.26.

Volkswagen: Facing Cost Pressures

Electric vehicles require, on average, twice as much silver as internal combustion engines. Volkswagen actually intended to capitalize on the electric mobility trend. However, massive problems are currently overshadowing this long-term trend at the Wolfsburg-based group. Operating profit fell by more than half in 2025, and the margin dropped to a meager 2.8%. In addition to US tariffs and weak business in China, the Porsche subsidiary is the primary drag. A misguided electric vehicle strategy forced the subsidiary to reverse course, resulting in write-downs amounting to billions.

To counter this, CEO Blume is banking on unprecedented cost-cutting. By 2030, 50,000 jobs are set to be cut in Germany, and production capacity has been scaled back by hundreds of thousands of units. At the same time, a hidden cost-cutting program is underway that, according to industry sources, could amount to as much as EUR 60 billion. The austerity measures affect not only the core brand but also Audi, Porsche, and the struggling software subsidiary Cariad. The message is that the old, export-driven business model no longer works.

On a positive note, despite all the cuts, VW maintains solid liquidity of over EUR 34 billion, and product renewal is gaining momentum. In China, the company is increasingly relying on local chip partnerships, and in Salzgitter, a major battery storage division is being established - a new pillar of business beyond the traditional automotive sector. Whether the ambitious return range of 4.0–5.5% for 2026 is achievable now depends on discipline in implementation. The structure is leaner, and the direction is right. The stock is currently trading at EUR 83.72.

Super Micro Computer – Between Scandal and Growth

The recent charges against three individuals associated with Super Micro, including co-founder Wally Liaw, have plunged the company into a deep credibility crisis. Authorities allege that: Illegal diversion of Nvidia GPUs worth USD 2.5 billion to China via a complex system involving dummy servers and manipulated serial numbers. The company itself has not been charged, but the governance issues continue unabated. Following accounting scandals in 2024 and the withdrawal of auditor Ernst & Young, the next blow has now struck.

Despite the turmoil, operations are running smoothly. In the second quarter, revenue tripled to a whopping USD 12.7 billion. The annual forecast was correspondingly robust, raised to at least USD 40 billion.

Demand for AI infrastructure shows no signs of slowing down. With its so-called Data Center Building Blocks, the company is also positioning itself for higher-margin business - a smart move. CEO Charles Liang speaks of a capacity that could potentially enable USD 100 billion in annual revenue. The potential is undeniably there.

The crucial question is whether the trust of customers and partners has been permanently damaged. Nvidia, as the key supplier, could reconsider its partnership, and major clients could reallocate orders. The company responded by promoting a new chief compliance officer and emphasizes its cooperation with investigators. For investors, this presents a high-risk scenario.

The operational foundation is sound, but the repeated scandals could slow down the AI darling in the long term. The stock is currently trading at USD 20.53.

Silver connects three different business models. Silver North Resources has laid the groundwork for operational progress with secured financing and a drilling program. Volkswagen is tackling structural margin issues and a strained e-mobility balance sheet with a rigorous cost-cutting program. Super Micro Computer remains operationally strong but is grappling with repeated governance scandals that are eroding confidence. While clear development paths are emerging in the commodities sector, the two industrial companies face fundamental tests.