GoldSeek Radio's Chris Waltzek talks to DAVID FRANKLIN - Feb 7, 2013
To Shareholder of 'U.S. Silver & Gold Inc. (USA / USGIF) -
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. spent more than $85 million to the shaft construction development - more than 195,000 tons mined @ a profit of more than $26 million
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 10hyear 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.
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 osama cult pawns has told them that US is open for business!