Here is a company report from Aapeli following Sotkamo Silver’s Q1 results 
Sotkamo Silver’s Q1 production remained at a low level as expected, but a very strong metals market boosted the company’s results to record levels. Consequently, the company’s cash position had strengthened significantly. The company made no changes to its guidance for the current year and expects production volumes to increase during the remainder of the year. Reflecting on the report, which was fairly well in line with our expectations, we made no changes to our production forecasts. Instead, the forecasts were supported particularly by increased long-term silver price projections. With a decreased risk profile and forecast upgrades, our sum-of-the-parts valuation was on the rise, and we see the stock as being fairly neutrally priced as the strong market situation continues. Accordingly, we are raising our target price to SEK 3.7 (prev. SEK 3.1) and our recommendation to Reduce (prev. Sell).