Silver Bull...
Here's some things I noticed about the web site and investor's presentation:
(a) Investor's presentation seems a little out of date.
(b) Investor's presentation mentions a $46/tonne NSR (net smelter royalty). That's pretty significant for an open-pit mine. I'll have to dig into the financials to figure that out.
(c) Investor's presentation doesn't say anything about next steps, which I would think would be a feasibility study.
(d) Web site seems a little out of date.
(e) The zinc recovery in their process is only 41%. That stinks. I wonder if a zinc oriented plant could double that.
Yep, they look like they are just hanging on, hoping someone will offer to buy them out.
Might be worth a little gambling money, but there's a high risk it will go to zero.
I'll try to do a little more DD, because it seems like a pretty good zinc story. I think the $46/tonne NSR combined with the silver grade puts it under a dark cloud.
Most interesting zinc Jr I've seen though. That 11% open pit grade is pretty nice.
MontyHigh
