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Sucks to suck buying pre R/S... Play these POST!
If one bought pre- RS you lost 30-40 %
.60s are bottom. Anyone know the new float? :P
Get ready boys and girls. Perfect post split bottom bounce coming here.
As always, seems to be everyone is sleeping, or maybe... They're not sure how much $$$ is hidden in these post split plays.
SVBL one for 8 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Silver Bull Announces Reverse Stock Split Of Common Stock
September 15, 2020
VANCOUVER, BC – (September 15, 2020) – Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) ("Silver Bull" or the "Company") announced today that its board of directors has approved a 1-for-8 reverse stock split of the Company's issued and outstanding common stock. The reverse stock split will be effective prior to the stock market opening on Friday, September 18, 2020, subject to receipt of all necessary regulatory approvals, including the final approval of the Toronto Stock Exchange ("TSX") and the Nevada Secretary of State ("NSS").
In the reverse stock split, every eight pre-split shares of issued and outstanding common stock of the Company will be converted into one post-split share of common stock, with all fractional shares being rounded up to the nearest whole share. No fractional shares will be issued in connection with the reverse stock split. In connection with the reverse stock split, the 300,000,000 pre-split authorized shares of Silver Bull common stock will be proportionately reduced to 37,500,000 post-split authorized shares of Silver Bull common stock. Proportional adjustments will also be made to the Company's outstanding stock options.
As a result of the reverse stock split, each shareholder's percentage ownership interest in the Company and proportional voting power will remain virtually unchanged, except for minor adjustments that may have resulted from rounding fractional shares into whole shares. In addition, the rights and privileges of the holders of Silver Bull common stock will be unaffected by the reverse stock split.
The reverse stock split will become effective as of 12:01 a.m. PT on September 18, 2020, and Silver Bull common stock will begin trading on the TSX and the OTCQB on a post-split basis at the open of trading on Friday, September 18, 2020, subject to receipt of all necessary regulatory approvals, including the approval of the TSX and the NSS. The Company's ticker symbol on the OTCQB will remain unchanged, although a "D" will be placed at the end of the SVBL ticker symbol (SVBLD) for 20 business days following the reverse stock split. Silver Bull common stock will also be identified under a new CUSIP number (827458209).
Any shareholder of Silver Bull common stock who holds its shares in book-entry or other electronic form does not need to take any action, as the effect of the reverse stock split will automatically be reflected in its account. Any shareholder of Silver Bull common stock who hold its shares in certificated form will be mailed a letter of transmittal providing instructions for how to exchange its existing stock certificate for a stock certificate with a stamp indicating the new CUSIP number.
About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. Silver Bull recently signed an option to purchase agreement for the "Beskauga" copper-gold project in Kazakhstan. This agreement is still subject to on the ground due diligence when safe travel due to COVID to the region allows. In addition, Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc and is currently under a joint venture option with South32 Ltd.
About the Sierra Mojada deposit: Sierra Mojada is an open pittable oxide deposit with a NI43-101 compliant measured and indicated "global" resource of 70.4 million tonnes grading 3.4% zinc and 38.6g/t silver at a $13.50 NSR cutoff giving 5.35 billion pounds of zinc and 87.4 million ounces of silver. Included within the "global" resource is a measured and indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, giving 3.336 billion pounds of zinc, and a measured and indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9g/t silver at a 50g/t cutoff giving 56.3 million ounces of silver. Mineralization remains open in the east, west, and northerly directions. Approximately 60% of the current 3.2 kilometer mineralized body is at or near surface before dipping at around 6 degrees to the east.
The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com
Silver Bull Provides Update On The Sierra Mojada Project
August 31, 2020
Vancouver, British Columbia – Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) announces Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. (“Mineros Norteños”), the group which is illegally blocking the Sierra Mojada Project, has filed an appeal in the recently reopened Mexican courts to try and overturn a favourable ruling for Silver Bull on their lawsuit against the Company filed in 2014.
Silver Bull expects a final ruling on the case, which cannot be appealed by Mineros Norteños if won by Silver Bull, to be handed down from the courts within the next 6 months.
Tim Barry, President, CEO and director of Silver Bull states, “We are extremely disappointed to see Mineros Norteños have filed an appeal against the third favorable ruling the Company has received on the frivolous law suit they filed back in 2014. The last favorable ruling was delivered to us in March of this year, but unfortunately due to the rapid spread of the Corona Virus in Mexico, the court system in Mexico has been shut down until very recently, which has caused a significant delay in potentially settling this case once and for all. Should Mineros Norteños lose this appeal then Silver Bull will win the case outright. We strongly believe the law suit filed by Mineros Norteños is without merit and is largely being driven by their lawyer, who stands to gain a considerable contingency payment if successful, and a small radical group of approximately 10 Mineros Norteños members who do not accurately reflect the sentiment of the much larger Mineros Norteños group. According to our employees who live in the community, the illegal blockade on the Sierra Mojada project is manned by this small group and is an attempt to try and force the Company into making a settlement on a lawsuit that is frivolous. We remain committed to good faith dialogue with the Mineros Norteños group, many of whom have worked for Silver Bull, to find a solution, but to date any proposal put forward by Silver Bull has been rejected, and any counter proposals from Mineros Norteños have been completely unrealistic.
Whilst working on trying to find a settlement at Sierra Mojada, Silver Bull continues its due diligence on the Beskauga Project announced on 17 August 2020. The next step in the due diligence process will be a visit to site when travel safely allows.”
Summary of the law suit filed by Mineros Norteños: Silver Bull has an agreement with Mineros Norteños on two small mineral licences which cover the eastern part of the Sierra Mojada deposit. These licences are subject to a 2% production royalty to Mineros Norteños capped at US$6.875 million (the “Royalty”) should a mine go into production.
Since 2014, Silver Bull has been fighting a law suit by Mineros Norteños seeking payment of the Royalty, including interest at a rate of 6% per annum since August 30, 2004, even though no revenue has been produced from the applicable mining concessions. Mineros Norteños also sought payment of wages to the Mineros Norteños members since August 30, 2004 under this agreement, even though a mineral processing plant was never built and none of the individuals were hired or performed work for Silver Bull under this agreement and Silver Bull did not commit to hiring them. On October 4, 2017, the court ruled that Mineros Norteños was time barred from bringing the case. On October 19, 2017, Mineros Norteños appealed this ruling. On July 31, 2019, the Federal Appeal Court upheld the original ruling. This ruling was subsequently challenged by Mineros Norteños and in March 2020 the Federal Appeals Court upheld the original ruling. Mineros Norteños may challenge the ruling for a final time at the Federal Circuit Court. In an attempt to force Silver Bull into making a settlement, Mineros Norteños has undertaken to illegally block access to the project since September 2019. To ensure the safety of all involved, Silver Bull has elected to halt all operations on the project until a resolution can be found.
The joint venture option with South32 remains in good standing but under a force majeure pause.
South32 Joint Venture Option
In June 2018 Silver Bull signed an agreement with a wholly owned subsidiary of South32 whereby Silver Bull has granted South32 an option to form a 70/30 joint venture with respect to the Sierra Mojada Project. To maintain the option in good standing, South32 must contribute minimum exploration funding of US$10 million ("Initial Funding") during a 4 year option period with minimum aggregate exploration funding of US$3 million, US$6 million and US$8 million to be made by the end of years 1, 2 and 3 of the option period respectively. South32 may exercise its option to subscribe for 70% of the shares of Minera Metalin S.A. De C.V. ("Metalin"), the wholly owned subsidiary of Silver Bull which holds the claims in respect of the Sierra Mojada Project, by contributing US$100 million to Metalin for Project funding, less the amount of the Initial Funding contributed by South32 during the option period. During the period of force majeure the year 2 completion date has been extended by the period of force majeure.
About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.
About the Sierra Mojada deposit: Sierra Mojada is an open pittable oxide deposit with a NI43-101 compliant measured and indicated "global" resource of 70.4 million tonnes grading 3.4% zinc and 38.6g/t silver at a $13.50 NSR cutoff giving 5.35 billion pounds of zinc and 87.4 million ounces of silver. Included within the "global" resource is a measured and indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, giving 3.336 billion pounds of zinc, and a measured and indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9g/t silver at a 50g/t cutoff giving 56.3 million ounces of silver. Mineralization remains open in the east, west, and northerly directions. Approximately 60% of the current 3.2 kilometer mineralized body is at or near surface before dipping at around 6 degrees to the east.
The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
http://info@silverbullresources.com
http://www.silverbullresources.com/news/silver-bull-provides-update-on-the-sierra-mojada-project/
Held up by a G/d contingency-fee lawyer and 10 G/d obstructionists!
Get out the Uzi's ! Enough is G/d enough!
News; $SVBL Silver Bull Provides Update on the Sierra Mojada Project
VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) announces Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. (“Mineros Norteños”), the group which i...
Got this from SVBL - Silver Bull Provides Update on the Sierra Mojada Project
SVBL has just broken out from a 3-year base.
Now the fun really begins.
New email from Tim Barry, SVBL CEO:
Hi Dan
Further to my email below please keep in mind that all the drill holes on Beskauga are historical drill holes that have not been verified by us. As stated in the news release, we still have to conduct a 60 day due diligence on the ground and we put no value on the resource stated in the presentation you sent me. Obviously we are optimistic (which is why we are interested in the project), but there are no guarantees.
My advice is to be extremely cautious about piling into the market and buying stock until we have completed our DD. We will keep the market informed as more information comes to hand.
Best Regards
Tim
***
Rec'd this email from Tim Barry, CEO of Silver Bull...
Hi Dan,
Here’s the website of the company we are acquiring the project from.
http://copperbeltlimited.com/home.html
Obviously the statements on this website are not from us and the results stated still needed to verified by us
T
Rec'd this email from Tim Barry, CEO of Silver Bull...
Hi Dan,
Here’s the website of the company we are acquiring the project from.
http://copperbeltlimited.com/home.html
Obviously the statements on this website are not from us and the results stated still needed to verified by us
T
News: $SVBL Silver Bull Enters Into an Option Agreement to Acquire the Beskauga Copper-Gold Project in Kazakhstan
VANCOUVER, British Columbia, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) is pleased to announce it has entered into an option to purchase agreement with Copperbelt AG (“Copperbelt”), a private mineral expl...
In case you are interested SVBL - Silver Bull Enters Into an Option Agreement to Acquire the Beskauga Copper-Gold Project in Kazakhstan
Silver Bull Enters Into An Option Agreement To Acquire The Beskauga Copper-Gold Project In Kazakhstan
August 17, 2020
Vancouver, British Columbia – Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) is pleased to announce it has entered into an option to purchase agreement with Copperbelt AG (“Copperbelt”), a private mineral exploration company registered in Zug, Switzerland, to acquire a 100% interest in their Beskauga copper-gold project located in North Eastern Kazakhstan.
Highlights of the Agreement
* On execution of the agreement Silver Bull paid Copperbelt US$30,000. An additional US$40,000 will be paid to Copperbelt after due diligence on the Beskauga property is completed to Silver Bull’s satisfaction. Silver Bull will have a 60 day due diligence period which will commence after the Company has been able to access the Beskauga property in a matter that complies with governmental recommendations and advisories with respect to the global COVID-19 pandemic, among other conditions.
* Silver Bull will then have 4 years to conduct exploration on the property. Exploration expenditures on Beskauga and certain other licenses required to keep the option in good standing are US$2 million in year one, US$3 million in year two, US$5 million in year three and US$5 million in year four, for a total exploration spend of US$15 million over four years.
* After completing US$15 million in cumulative exploration expenditures Silver Bull can acquire the Beskauga property for a US$15 million cash payment.
* In addition Copperbelt may receive a bonus payment of up to US$32 million should Silver Bull publish a Bankable Feasibility Study (“BFS”) with a resource of up to 10 million gold equivalent ounces on the main Beskauga prospect and 5 million gold equivalent ounces on an additional prospect. 20% of the bonus is payable 60 days after publishing a BFS, with the remaining 80% payable on the commencement of mine construction. Up to 50% of the bonus is payable in common shares of Silver Bull at Silver Bull’s election.
* Silver Bull will pay a finders fee to a third party upon the satisfaction of certain conditions.
Tim Barry, President, CEO and director of Silver Bull states, “We are extremely pleased to enter into this agreement with Copperbelt. We believe the Beskauga copper-gold Project represents one of the best exploration opportunities in the world. The high quality work that has been completed on the project to date indicates Beskauga is a huge mineralizing system that has considerable upside that has yet to be explored. We will be working closely with our partners from Copperbelt to quickly and efficiently explore these areas. In addition to the exploration potential at Beskauga, the project has excellent infrastructure. Paved road access and, 1100 KVA power lines, heavy rail, and a highly trained workforce all lie within a 10 kilometer radius. As a mining jurisdiction Kazakhstan is fast becoming a “go to” place due to its recently updated mining law and incredible geological prospectivity. In June 2018 the Kazakhstan government implemented a new mining code based on the mining code used in Western Australia. Unlike many Governments around the world today, the Kazakh Government is very supportive of the mining sector, a view which is highlighted by the fact that numerous major mining companies have recently set up an office in the country and acquired exploration licenses. We expect to provide more details about the Beskauga project itself as soon as we complete our due diligence on the project.”
About Kazakhstan
Size: Kazakhstan is the ninth largest country in the world, covering 2,717,300 km2, and has a population of 18.2 million people.
Capital City: The capital city is Nur-Sultan which is located 300 kilometers from the project. Nur-Sultan has a major international airport allowing for easy access and administration of the Beskauga Project.
Mining Law: Kazakhstan adopted a new mining code titled “Code on Surface and Subsoil Use” (the "SSU Code") on 27 December 2017, and became effective on 29 June 2018. The SSU Code is based on the Western Australian model where Kazakhstan moved from a contractual regime to a licensing regime for solid minerals (except for uranium). Coincident with the updated SSU law, the Kazakhstan government also reduced a considerable amount of the administrative burdens for subsoil users.
Tax: Summary of pertinent taxes related to exploration in Kazakhstan are as follows;
* 20% corporate tax
* 12% VAT is refundable for exploration companies
* 4.7% royalty for Copper
* 5% royalty for gold and silver
Geological Prospectivity: Kazakhstan is one of the most prospective countries in the world for a number of metals. According the United States Geological Survey (USGS) Kazakhstan is;
1st in the world for Uranium production (41% of world output)
2nd in the world for chromite production (18% of world output)
4th in the world for titanium production (6% of world output)
10th in the world for copper production
In addition, Kazakhstan has also has significant proven reserves (as yet unmined) of gold, silver, lead, zinc tin, iron ore, nickel, cobalt, and bauxite
The Fraser Institute Annual Survey of Mining Companies in 2017, ranked Kazakhstan 24th best mining jurisdiction in the world.
Sierra Mojada Update
Silver Bull’s Sierra Mojada project remains under an illegal blockade organized by a Cooperative of local Miners called Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. (“Mineros Norteños”).
Silver Bull has an agreement with Mineros Norteños on two small mineral licences which cover the eastern part of the Sierra Mojada deposit. These licences are subject to a 2% production royalty to Mineros Norteños capped at US$6.875 million (the “Royalty”) should a mine go into production.
Since 2014, Silver Bull has been fighting a law suit by Mineros Norteños seeking payment of the Royalty, including interest at a rate of 6% per annum since August 30, 2004, even though no revenue has been produced from the applicable mining concessions. Mineros Norteños also sought payment of wages to the Mineros Norteños members since August 30, 2004 under this agreement, even though none of the individuals were hired or performed work for Silver Bull under this agreement and Silver Bull did not commit to hiring them. On October 4, 2017, the court ruled that Mineros Norteños was time barred from bringing the case. On October 19, 2017, Mineros Norteños appealed this ruling. On July 31, 2019, the Federal Appeal Court held the original ruling. This ruling was subsequently challenged by Mineros Norteños and in March 2020 the Federal Appeals Court held the original ruling. Mineros Norteños may challenge the ruling for a final time at the Federal Circuit Court. Due to COVID-19 the Mexican court system remains closed and the timing of reopening is uncertain. In an attempt to force Silver Bull into making a settlement, Mineros Norteños has undertaken to illegally block access to the project since September 2019. To ensure the safety of all involved, Silver Bull has elected to halt all operations on the project until a resolution can be found.
Silver Bull remains committed to good faith dialogue with Mineros Norteños, many of whom have worked for Silver Bull, to find a solution that is acceptable to both parties.
The joint venture option with South32 remains in good standing but under a force majeure pause.
South32 Joint Venture Option
In June 2018 Silver Bull signed an agreement with a wholly owned subsidiary of South32 whereby Silver Bull has granted South32 an option to form a 70/30 joint venture with respect to the Sierra Mojada Project. To maintain the option in good standing, South32 must contribute minimum exploration funding of US$10 million ("Initial Funding") during a 4 year option period with minimum aggregate exploration funding of US$3 million, US$6 million and US$8 million to be made by the end of years 1, 2 and 3 of the option period respectively. South32 may exercise its option to subscribe for 70% of the shares of Minera Metalin S.A. De C.V. ("Metalin"), the wholly owned subsidiary of Silver Bull which holds the claims in respect of the Sierra Mojada Project, by contributing US$100 million to Metalin for Project funding, less the amount of the Initial Funding contributed by South32 during the option period. During the period of force majeure the year 2 completion date has been extended by the period of force majeure.
About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.
About the Sierra Mojada deposit: Sierra Mojada is an open pittable oxide deposit with a NI43-101 compliant measured and indicated "global" resource of 70.4 million tonnes grading 3.4% zinc and 38.6g/t silver at a $13.50 NSR cutoff giving 5.35 billion pounds of zinc and 87.4 million ounces of silver. Included within the "global" resource is a measured and indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, giving 3.336 billion pounds of zinc, and a measured and indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9g/t silver at a 50g/t cutoff giving 56.3 million ounces of silver. Mineralization remains open in the east, west, and northerly directions. Approximately 60% of the current 3.2 kilometer mineralized body is at or near surface before dipping at around 6 degrees to the east.
The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com
http://www.silverbullresources.com/news/silver-bull-enters-into-an-option-agreement-to-acquire-the-beskauga-copper-gold-project-in-kazakhstan/
"Why?" no longer matters; we can just relax and enjoy this ride for all it's worth, because...
the ride has just begun!
Sometimes silver will lead; sometimes, the silver shares will lead.
The next two weeks will be probably the last chance for SVBL under a dime, so stack 'em now, or wish you had.
Why Are The Silver Stocks Down Even As Silver Rallies
By Chris Marcus
August 7, 2020
The most common question asked in the precious metals world today is why the silver stocks don’t seem to be keeping up with the underlying silver rally.
Fortunately, Andrew O’Donnell of SuperCharged Stocks joined me on the show to discuss that exact topic. As well as what you can expect next, and perhaps even more importantly, how to mentally prepare yourself to succeed and thrive no matter how the market prices these stocks during the upcoming rally.
So to stay ahead of Wall Street during this exciting gold and silver rally, click to watch the interview now!
SRSrocco: HOW MUCH HIGHER WILL SILVER GO: See What The 50-Year Long-Term Silver Chart Reveals
By SRSrocco
August 6, 2020
As the SILVER BULL MARKET continues on its ever-increasing upward trend, what does the 50-year long-term silver chart reveal?? Let’s just say, some of the indicators are pointing to much higher prices. And, if we include the lousy economic and financial fundamentals being propped up by massive Fed and central bank stimulus, it seems like there will be even more investor demand for gold and silver in the future.
much more at:
https://srsroccoreport.com/how-much-higher-will-silver-go-see-what-the-50-year-long-term-silver-chart-reveals/
All it's going to take is for some RobinHood Retard with a blog and a couple thousand followers to find this stock with its recursive name after silver clears the $30 handle and ....... ( there isn't a font size big enough to accurately represent the "BOOM!" that will be heard )
A series of recent posts from the Silver Bull board at Stockhouse... (TSX: SVB, OTCQB: SVBL)
RE:Anyone here?
By Heywood_Silvers
July 21, 2020 - 11:21 PM
South 32 noticed and they are working towards solidifying their JV requirements to earn 70% of the project. I guess the rationale is 30% of something huge is better than 100% of not a lot.
This has over 100mm ounces of silver and a boatload (4.67 Billion Lbs) of zinc. This is the southerly trend of the system that extends up into Arizona. Wildcat Silver was bought out by South 32 in a multi billion deal a few years ago, so they like what they see here.
At 11 cents there is not a lot of downside, especially in a market where silver is looking to rip.
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31299976
RE:RE:Anyone here?
By roadtrain
July 22, 2020 - 06:41 AM
South32 delayed their run to buy Arizona Mining Hermosa project and ended up paying a premium as the share price rose.
I this case the bid price is set for 70% they may not want to make the same mistake with the remaining 30%.
Government trust rules and approval to be obtained .
Blockade issues will be resolved.
Silver price looks ready to run,show us the action.
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31300378
RE:RE:Anyone here?
Wazup26
July 22, 2020 - 07:16 AM
@heywood_silvers
How would you value SVB shares based on what's in the ground and assuming we keep 30% and permits and other issues are resolved?
There are so many juniors explorers with a higher market cap out there and they have not found anything yet, but here we are with SVB who's found something of great value and still priced at rock bottom...
How would you evaluate SVB?
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31300437
RE:RE:RE:Anyone here?
By Heywood_Silvers
July 22, 2020 - 01:46 PM
My very simple "back of the envelope" calculation would be this:
SVB's assets were around 1/3rd the size of what AZ Mining's (Wildcat Silver) project had. If you take the AZ buyout price of $4.65 USD divied by 3 that gives $1.55 a share. Take that at 0.3 and it yields about 50 cents a share.
Back in 2011 during the heights of the last bull market run, it was upwards of $1. If silver rips higher than $50, I think we can push $1 again on these shares. Base case scenario would be the 50 cents. So, my "safe estimate" range would be this is anywhere from a 4 bagger to a 9 bagger.
Silver/gold could (should?) really surprise this time around and don't be shocked if a 5 or 10 bagger ends up being more. Agree with the previous poster that if South 32 doesn't want to make the same mistakes they won't wait so long on this one this time around.
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31303087
RE:RE:RE:RE:Anyone here?
By Wazup26
July 22, 2020 - 03:05 PM
Very good explanation. Thanks very much.
I wish we would get a few updates from SVB. It's been a while since we've had any kind of news...
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31303609
RE:RE:RE:RE:RE:Anyone here?
By LondonInvest
July 23, 2020 - 02:29 AM
Hi I wanted to share some information with the board, particularly about why SVB has been quiet. Ever since the trade blockade in October 2019 SVB has been trying to end the situation using the court system. The good news is that they have won every case so far and only one appeal remains, so there should be full resolution soon and the blockade will stop.
SVB has had to be very careful with news and press releases as to not negatively affect outcome of the case against the blockade group. News flow will resume as soon as situation rectified.
Facts in the meantime that we know are from before blockade and recent 10Q filing:
SVB has 100+M oz Ag deposit
SVB has 4 billion tons Zn deposit
SVB NPV on this deposit at current Ag/Zn prices pre-tax is $640 million
SVB IRR on this deposit at current Ag/Zn prices pre-tax is 27%
SVB has several drill samples on site ready for assays, but could not access them for removal due to blockade. Soon as blockade loses apeal they will be able to assay these last samples.
SVB has received a payment in June 2020 from South32 to keep its option current.
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31305974
RE:RE:RE:RE:RE:RE:Anyone here?
By Heywood_Silvers
July 23, 2020 - 11:59 AM
The wild card in play here is zinc. Back when AZ Mining was bought out, zinc prices were nearing record highs. There is 100+mm ounces of silver, but SVB only retains 30% ownership of that if the JV proceeds to full fruition. Hence, the zinc is what will really make or break this project.
SVB management was so high on zinc a few years ago they totally rebranded their whole approach and were marketing this as a dual silver-zinc play. I know most of us here aren't in it for the zinc, but it is what could really end up making or breaking the future prospects of the project. As I said in a prior post, I think we should expect around a 5 bagger for a base case, but if zinc catches fire then maybe we start talking 10 bagger.
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31308155
RE:RE:RE:RE:RE:RE:RE:Anyone here?
By Wazup26
July 23, 2020 - 05:21 PM
I really like SVB silver & zinc deposit, but the blockade + no news= uncertainty for new potential investors.
I bought a few shares for the long run, but I wish we could get some form of confirmation that this project is alive and generates interest out there.
I would say I'm cautiously optimistic on our chance to see a 5 to 10 bagger as well!
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31310743
People still haven't gotten over the bunker mentality thinking process
caused by the last 7 years of pain.
Just the name alone, "Silver Bull Resources" makes this stock worth $1+ never mind what they really have to show.
Yes, I agree with you. Nothing like a bidding war? Either way there is value there and good probability we will see higher prices.
<<<Anyway looks like clear sailing to the .21 ish high from some time ago. Good chance at some point this gets taken out by a major, IMO.>>>
Hi TTMAR... Imo, a 'major' would have to pay a pretty premium to pry the Sierra Mojada resource from South32's control.
South32 Maintains Option On Silver Bull's Sierra Mojada Project
May 1, 2019
Vancouver, British Columbia – Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) is pleased to announce it has received notice from South32 that it wishes to maintain its option on the Sierra Mojada Project by funding an additional US$3 million in exploration. This will result in aggregate funding of US$6 million at the completion of the second year of the joint venture option described below.
Silver Bull has a drill program underway on the project and a full update will be released to the market shortly.
South32 Joint Venture Option: In June 2018 Silver Bull signed an agreement with a wholly owned subsidiary of South32 whereby Silver Bull has granted South32 an option to form a 70/30 joint venture with respect to the Sierra Mojada Project. To maintain the option in good standing, South32 must contribute minimum exploration funding of US$10 million ("Initial Funding") during a 4 year option period with minimum aggregate exploration funding of US$3 million, US$6 million and US$8 million to be made by the end of years 1, 2 and 3 of the option period respectively. South32 may exercise its option to subscribe for 70% of the shares of Minera Metalin S.A. De C.V. ("Metalin"), the wholly owned subsidiary of Silver Bull which holds the claims in respect of the Sierra Mojada Project, by contributing US$100 million to Metalin for Project funding, less the amount of the Initial Funding contributed by South32 during the option period.
About Silver Bull: Silver Bull is a well-financed mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The Sierra Mojada Project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.
About the Sierra Mojada deposit: Sierra Mojada is an open pittable oxide deposit with a NI43-101 compliant measured and indicated "global" resource of 70.4 million tonnes grading 3.4% zinc and 38.6g/t silver at a $13.50 NSR cutoff giving 5.35 billion pounds of zinc and 87.4 million ounces of silver. Included within the "global" resource is a measured and indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, giving 3.336 billion pounds of zinc, and a measured and indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9g/t silver at a 50g/t cutoff giving 56.3 million ounces of silver. Mineralization remains open in the east, west, and northerly directions. Approximately 60% of the current 3.2 kilometer mineralized body is at or near surface before dipping at around 6 degrees to the east.
The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com
http://www.silverbullresources.com/news/south32-maintains-option-on-the-sierra-mojada-project/
Hope our shorter is still short in his attempt to, "short this thing into oblivion." LOL. Always a moron in the crowd.
Anyway looks like clear sailing to the .21 ish high from some time ago. Good chance at some point this gets taken out by a major, IMO.
<<<Can anyone explain the volume and spike today? Silver Bull up like 16% at one point today.>>>
Well Jimbo, with Silverbull owning a 43-101 resource of almost 91 million oz ( https://tinyurl.com/y62594mw ) of silver, to say nothing of their approximately $4 billion worth of zinc, the market finally acknowledged that their PPS was just too low considering today's extreme rise in the price of silver. <g>
Silver Price Crosses $21 In Early Morning Trading
It took 4 years for silver to finally trade above $20 per ounce again.
Then it took 12 hours for it to trade above $21.
There’s been stunning trading action in the gold and silver markets in the last day and a half, and to find out more, as well as what may be coming next, click to watch the video now!
Can anyone explain the volume and spike today? Silver Bull up like 16% at one point today.
SILVER SHORT SQUEEZE ALERT: Sprott Silver Trust To Purchase $1.5 Billion Of Physical Silver, A Jaw-Dropping 8.8% Of Annual Global Production!
https://kingworldnews.com/silver-short-squeeze-alert-sprott-silver-trust-to-purchase-1-5-billion-of-physical-silver-a-jaw-dropping-8-8-of-annual-global-production/
From the Silver Bull board at Stockhouse... (TSX: SVB, OTCQB SVBL)
by LondonInvest
July 06, 2020 12:07pm
Hi,
I have been accumulating SVBL for years and have a VERY sizeable position.
South32 being on board is very significant. As for the resource, they already have a NI43-101 with Measured and Indicated being:
Ag - 90.8 Million Oz
Zn - 4.67 Billion Lbs
Assumptions were for $18/oz Ag and $1.00/lb Zn
As the surface resource is oxides recoveries are lower, but they factored in 75% recovery for Ag and 41% for Zn.
This gives following
Ag - 90.8 Million Oz x 0.75 x $18 = $1.22 Bn Ag value
Zn - 4.67 Billion Lbs x 0.41 x $1.00 = $1.92 Bn Zn value
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Total known M&I resource is $3.14 Bn with ~60% Zn and ~40% Ag split.
The total market cap of this company is <$20 Million USD. This could easily trade at 10% of resource in ground, $300 Million or a 15x return.
This company is valued as an explorer looking for a resource, not a company with a resource and exploring for the main ore body to make it a bonanza company. It has alot similar to Arizona Mining's Taylor deposit which South32 bought for $1.6 Bn. This is why South32 is involved, looking for another Arizona Mining. They are had been drilling and hitting sulfides honing in on main ore body.
http://www.silverbullresources.com/projects/overview/
Here is resource IRR at different ore prices:
https://www.kitco.com/ind/Tommy/2013-10-09-Silver-Bull-CEO-Tim-Barry-Discusses-Sierra-Mojada-PEA.html
https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=31229008