NOTE.
The Company should file the NCIB Program to allow for market
purchases of the Company's common shares (the "Shares") under
certain market conditions and subject to the approval of
the Board of Directors.
The Company does not currently intend to purchase Shares on
the market, but may do so from time to time in the future.
Although the Board of Directors and Management of the Company
must believe that the Shares are currently significantly
extremely undervalued,
ex.
Callahan Mining Corporation 1983 operated by Asarco -
by memo.
Asarco before 1983 spent more than $85 million to the shaft construction
development + drilling etc. etc.
Asarco in 1983 mined;
more than 195,000 tons mined @ a profit of more than $26 million
http://www.idahogeology.org/PDF/Technical_Reports_(T)/TR-85-1.pdf
In current market value $85 million on the Callahan shaft
development is more valued than the total market capitalisation
value of U.S. Silver & Gold (USA / USGIF)
@ only
Total Current Market Cap: $121,774,201
In my opinion;
Investors who pay @ $2.-/sh currently pay for Callahan Mine and
get a good bargain for it -
but
rest of the assets of -
USA / USGIF - rest of assets are FREE Load including;
So even a 10 year old who learned 1 x 20 = USA / USGIF = 20 times
higher
in Real Market Value than the bargain give away price @ currently -
USA / USGIF - rest of assets are FREE Load including;
U.S. Silver & Gold Inc.
is a newly formed silver and gold mining company focused on growth
from its existing asset base and the execution of targeted
accretive acquisitions. U.S. Silver & Gold owns and operates the
Galena Mine Complex
in the heart of the Silver Valley/Coeur d'Alene Mining District,
Shoshone County, Idaho and
the Drumlummon Mine Complex in Lewis and Clark County, Montana.
Within the Galena Mine Complex, the Galena Mine produces high-grade
silver and is the second most prolific silver mine in U.S. history,
delivering over 200 million ounces to date,
the Coeur Mine
is under re-development with first production having been achieved
in late 2012 and the Caladay Zone is being evaluated for bulk
mining development.
The Drumlummon Mine currently produces high-grade gold and silver
with historical production of 1 million ounces of gold and 12
million ounces of silver and has never been fully exploited or
explored.
Visit
www.us-silver.com.
USA / USGIF has about fiat$30 million + @ current in
working capital -
Please,
suggest to management to buy back shares -
The Buy Back Program should again be operational and hopefully
we will see this bolster our share price.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84110312
Best of lucks to all longs!
Also Note.
the Callahan shaft etc. has been repaired -
TORONTO, ONTARIO, Jul 24, 2008 (MARKET WIRE via COMTEX) --
U.S. Silver Coporation
(TSX VENTURE: USA) ("U.S. Silver" or the "Company") is pleased to
announce the beginning of repair activities associated with
bringing
the Caladay mine into production.
The Caladay Shaft lies approximately 1.3 miles southeast of the
Galena Mine No.3 Shaft in Wallace, Idaho. The two mines are already
interconnected on the 4900 foot level of the Galena Mine.
The four-phase program includes:
- The repair of the Placer Creek and Caladay portals and the
installation of new hoist ropes on the Caladay hoist. This includes
upgrades to the timbered sections in the tunnels, repair of the
rail access to the hoist room where necessary, and replacing the
hoist rope that has been in service for more than 30 years.
The repair should be completed by early 4th quarter, 2008.
- Concurrent with the portal repair, additional exploration drilling
in the Caladay mineralized zone between the 4900 and 5200 levels of
the Galena Mine will begin.
This drill program is designed to explore the western zone of the
Caladay mineralized area and will provide information for the test
mining program.
Once drilling is completed, a new resource model will be …
Ps.
it strange to not see;
all Chinese and India miners etc. from world over to be crawling
on top of each other @ Galena, Wallace to pick up this
strategic super Ag-mine bargain for
$peanutz fiatz counterfeitz for
BS osama cult pawns has told them that US is open for business!
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