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This stock is awesome. Why?
#1 silver
#2 $203 million cash
#3 investments in other companies
#4 small dividend
$$$$SILVERSQUEEZE IS TRENDING SVM GOING MUCH MORE HIGER
Celsius News,
https://clients3.weblink.com.au/pdf/CLA/02686585.pdf
Boing X2
Celsius resources,
Checked their site. No word on merger. Extension was to July 2nd.
I suspect we will hear something one way or another this next week.
Boing X 2
OMAI
Video indicates more drill results coming shortly and that they will be moving to opening the mine. She said drill results next week six days ago.
I hope SVM gets more involved before anyone else.
Boing X 2
Drill results from NEWP,
https://finance.yahoo.com/news/pacific-intersects-183-meters-grading-210500491.html
Boing X 2
Massive Drill Results,
13,490g/t ag. Wow, just wow.
https://finance.yahoo.com/news/silvercorp-reports-high-grade-silver-210500870.html
Boing X 2
If correct hold onto your hats,
DOD indicating it is running out of silver and buying at 30 bucks an ounce per reddit. They provide information from DOD>
Boing X 2
Tincorp,
Results should be coming in this month.
"“There have only been a handful of new tin deposits discovered in the past 40 years. We are excited and confident that our 3,000 m diamond drill program at Porvenir will be a success. We expect to see assays from this program by the end of June to early July.”"
Boing X 2
Very good video.
Rick has owned shares for a long time.
Dividend day today. Great.
Found this,
"www.bloomberg.com › news › articlesBillionaire Friedland Says US Must Brand Copper a Critical Metal
Jun 23, 2023 · USd/lb. -8.50 -2.18%. Billionaire mining investor Robert Friedland said the US government must include copper as critical material under President Joe Biden’s landmark clean "
Bring it on. Great timing on buying Celsius.
Boing X 2
Rick Rule Talks Silvercorp with VP Lon Shaver
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
As of 1 day ago,
Zacks has SVM rated Number 1 Strong Buy.
Boing X 2
Yes they are,
I saw the video early this am.
Make sure to check out the video on Celsius Resources new potential mine right next door to the current one we are buying. It appears with the buy out, it should be ours likewise.
Boing X 2
Impressive management!
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
OMAI scores big drill results,
https://finance.yahoo.com/news/omai-gold-drills-4-07-114500178.html
Boing X 2
Sounds like more copper and gold coming up,
"Celsius Resources Ltd (ASX:CLA, AIM:CLA) executive director Peter Hume tells Proactive the company is set to explore a new tenement at the Botilao Porphyry Copper-Gold Prospect in the Philippines, now that its Philippine subsidiary, Makilala Mining Company Inc, has lodged an exploration permit application. The secondary tenement, adjacent to the company's MCB Project, has the potential to extend the operational mine life and complement the development of the area with the expansion signifying the company's commitment to enhancing its portfolio of copper-gold assets in the Philippines."
Boing X 2
Massive drilling results,
https://finance.yahoo.com/news/silvercorp-announces-high-grade-gold-211500737.html
Boing X 2
Just picked up on this,
"The period of exclusivity in the Term Sheet, as announced on 15 May 2023, was for a period of one-month which commenced on 2 May 2023. CLA and Silvercorp Metals Inc. have signed a variation to the Term Sheet so that the period of exclusivity will expire on 2 July 2023, being the date that is two months from signing by both parties of the Term Sheet."
Boing X 2
Lon Shaver interview two days ago on YouTube.
Looking at several more projects right now.
Boing X 2
A few things from my research,
Celcius Resources sought out SVM due to their quality mining.
The MCB copper project is projected to have 1BILLION lbs copper and that might expand more with more drilling. 1.5M ounces of gold.
Their second project on another island right now talking about 335M lbs of copper. Gold not mentioned there yet.
The whopper is Nambia with 60BILLION projected in Cobalt and other metals. I had to listen the the YouTube video twice to make sure I was hearing it right.
They have their certificate and just waiting for the new government to sign off with they expect soon..
Added 5K more shares today.
Boing X 2
Anyone know what time earning are being posted???
How on earth is this dropping the day before an earnings beat!!???
surfer 44,
I understand.
Boing X 2
I looked at BTG and I wouldn't be interested. SVM is my only precious metals stock and I'm really not looking for another PM stock. But thanks anyway.
OT surfer44,
Sorry my last post posted itself before I was done.
Take a look at BTG on Ihub and see if you are interested. Still cheap with almost a 5 percent dividend and 600m in cash.
You can see all my posts on the potential. There is another great poster there named miggi. I would rather have great stock holders owning going forward.
Boing X 2
surfer44,
I agree.
Latest estimates are copper 15,000 per ton in 2025. I think it could be well before that.
I just listened to a mind blowing video by a top fund person in Amsterdam. Saying silver to 1k and gold to 25k. Willem Middlekoop saying that what Avi Gilburt is saying.
Imagine what happens to copper. Plus we are picking up cobalt, gold, zinc and some silver looking at the maps.
I was hoping SVM would get into copper and a little more gold. Good mining jurisdiction also!
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Here is the Nambia map,
Large area,
https://economist.com.na/50467/mining-energy/excellent-results-at-opuwo-cobalt-prompt-celsius-resources-to-look-at-ore-processing-options/
Boing X 2
More copper, cobalt and zinc we will own,
https://celsiusresources.com/celsius-doubles-mineral-resource-at-opuwo-cobalt-copper-project/
Boing X 2
Looking at the maps it looks like a big area and operation,
https://www.makilalamining.com/news/celsius-receives-further-shallow-high-grade-copper-gold-results-from-mcb-project/
Boing x 2
New copper and gold mine information.
Likely a very smart move with copper going to be in short supply for years to come.
https://www.makilalamining.com/our-projects/
Boing X
We have a gold mine,
Found this blurb but no PR yet that I can find from SVM.
It was on Market Watch but it would not let me pull up the article.
"May 9, 2023 · Silvercorp Metals Inc. SVM said Monday that, through a 77.5%-owned subsidiary, it has made a deal to acquire a small gold mining company in China for US$22.8 million."
Boing X 2
surfer44,
I agree they are in a good position with that cash.
He did say it could be a gold company. I am taking a guess OMAI. They are hitting big grams per ton on their drilling and we own 34M shares, or more now, and have a SVM person on their board.
It would not take much to get this project going, after this year drill results, as it was an operating mine and they already have two necessary reports on available gold.
With gold likely to take off soon with the way things are going, it would bring big bucks to the bottom line quickly.
Two months and then the time to close the deal and then they hit the ground running. They would need to build a plant as Iamgold moved the plant when they left for what was greener pastures at the time.
I heard the discussion where they said they would have to move the plant anyway as they feel there is gold under were the plant was sitting and beyond where it was.
Time will tell.
Boing X 2
You're welcome. 200 million cash puts them in a good spot.
surfer44,
Thank you, Thank you,
Thy feel they have something to pull the trigger on in the next two months.
Whoa,
Boing X 2
Released today. 15 min. interview
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Stockhouse article today,
SVM extremely undervalued.
Boing X 2
Found out several things researching this am,
Equities %
Silvercorp Metals Inc. 34,464,706 9.12% ownership in OMG
Around 4 drill holes have found 1,200 to 3,220 Grams Au per ton. BIG!!
Current drilling results expected to start coming in Mid April.
Most interested to see those results.
Boing X 2
Well worth a listen,
PDAC 2023 interview with OMAI Gold CEO. on YouTube.10 minutes long and lots of information on their new drilling etc for this year.
Basically, still a lot left to explore. Only a small part has been explored to date.
There might be major upside if they hit new big finds. Project never fully explored prior while being mined. Now have magnetic survey to help this year.
Silvercorp Metals mentioned as having ownership.
Boing X 2
OMG,
Toronto, Ontario--(Newsfile Corp. - February 10, 2023) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce that it has commenced the 2023 drill program at its 100%-owned Omai Gold Property in Guyana. A 5,000-metre drill program will focus on targets along the 7-kilometre extension of the prolific Wenot Shear Corridor and those delineated by geophysics, geochemistry and historic workings. Additional drilling is designed to optimize further expansion of the Wenot deposit, along strike and at depth. The 2023 exploration program is guided by the results of the 2022 mapping, geochemical survey and trenching programs, combined with new results from the application of magnetic vector inversions of the airborne geophysics survey data.
Elaine Ellingham, CEO of Omai Gold, commented: "2022 was a transformational year for Omai Gold. After drilling an additional 5,900m, we announced an updated NI43-101 resource in October that more than doubled our initial resource announced less than a year earlier. With a base of 1.9 million ounces (Indicated Mineral Resources) and a further 1.8 million ounces (Inferred Mineral Resources) we are starting the 2023 program by stepping out to test select exploration targets. The Omai property represents a major gold camp, with past production of 3.8 million ounces plus substantial new gold resources and the potential for additional new deposits along a target structural zone that extends for 7 kilometres across the property."
Boing X 2
OMG,
Wow, look at some of the grams of gold per ton,
Selected significant results from the Wenot drilling in 2021 included:
2.2 g/t Au over 19.5 m, 3.6 g/t Au over 13.5 m, and 9.0 g/t Au over 16 m including 1 m of 127.7 g/t Au, demonstrating the potential for multiple mineralized zones (hole 21ODD-001)
3.6 g/t Au over 32.1 metres including 26.7 g/t Au over 0.4 m and 25.7g/t Au over 1 m and an additional intersection further downhole of 2.2 g/t Au over 18.4 m (hole 21ODD-002)
1.7 g/t Au over 14.1 m and 4.0 g/t Au over 3.1 m in hole 21ODD-003
6.6 g/t Au over 9.0 m, 2.8 g/t Au over 13.0 m, 4.7 g/t Au over 4.0 m and 1.9 g/t Au over 10.2 m in hole 21ODD-008
1.5 g/t Au over 12.4 m, 1.6 g/t Au over 9.2 m and 5.1 g/t Au over 2.0 m in hole 21ODD-011
6.92 g/t Au over 19 m, and 2.2 g/t Au over 16m in hole 21ODD-013
56.0 g/t Au over 1.5m, and 2.12 g/t over 12m in hole 21ODD-014
1.15 g/t over 19.5 m in hole 21ODD-026 (Section 305840E)
22.05 g/t Au over 1.7 m, 5.28 g/t Au over 2.7 m and 3.33 g/t Au over 4.4 m in hole 21ODD-020
5.16 g/t Au over 8.4 m, 5.0 g/t Au over 6.0 m, 1.46 g/t Au over 11 m with nearby 1.03 g/t Au over 5.0 m in hole 21ODD-021
16.77 g/t Au over 6.0 m, 1.97 g/t Au over 16.7 m, and 4.63 g/t Au over 20.0 m in hole 21ODD-022
3.3 g/t Au over 14.1 m, 2.96 g/t Au over 6.0 m and 0.82 g/t Au over 22.0 m in hole 21ODD-023
15.2 g/t Au over 6.0 m, 1.38 g/t over 16.5 m and 1.8 g/t over 13.5 m in hole 21ODD-024
2.3 g/t Au over 10.5 m in hole 21ODD-025
2.12 g/t Au over 10.5 m and 1.15 g/t over 19.5 m in hole 21ODD-026
Boing X 2
OMG,
("Avalon"), the holder of an indirect 100% interest in the Omai Gold Mine in Guyana, is pleased to announce that it has completed a non-brokered private placement financing for aggregate proceeds of US$4,500,000. Under the terms of the financing, Avalon issued 30,000,000 common shares of Avalon to a subsidiary of Silvercorp Metals Inc.(TSX/NYSE American: SVM) (“Silvercorp”) at a price of US$0.15 per common share. In connection with the financing, Anconia Resources Corp. (TSXV:ARA) (“Anconia”) and Silvercorp entered into an investor rights agreement pursuant to which Silvercorp, as long as it owns at least 10% of the issued and outstanding shares of Anconia, has the right to participate in equity financings in order to maintain its pro rata interest in Anconia at the time of any such financing, and to nominate one individual to serve as a director of Anconia.
Had to dig to find this one. Several YouTube videos available. We have a man on the board.
Boing X 2
More potential,
https://finance.yahoo.com/news/tincorp-announces-assay-results-historic-155900676.html
Tincorp Metals (29% interest) — Two prospective tin projects in Bolivia plus the Skukum Gold project in southern Yukon (418 koz AuEq M&I + 517 koz AuEq inferred) Silvercorp ownership
Boing X 2
Woo Hoo here we go,
"Silvercorp made two buys of NEWP. Which has major gold and silver finds,
New Pacific Metals Corp (TSE:NUX – Get Rating) insider Silvercorp Metals Inc. bought 29,200 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was purchased at an average price of C$3.00 per share, with a total value of C$87,600.00.
Silvercorp Metals Inc. also recently made the following trade(s):
On Tuesday, January 24th, Silvercorp Metals Inc. bought 20,000 shares of New Pacific Metals stock. The stock was purchased at an average price of C$3.55 per share, with a total value of C$71,000.00.
New Pacific Metals Stock Performance
New Pacific Metals Corp has a one year low of C$0.14 and a one year high of C$0.50."
Boing X 2
Good article,
https://themarketherald.ca/the-three-pillars-for-a-silver-investment-2022-11-10/
Boing X 2
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Facilitated by China's 1997 Mineral Resource Law (click here), Silvercorp first entered China in 2003 to capitalize on the country's vastly underexplored geological potential. While the Chinese government invested tremendously in geological exploration in the 1950s and 1960s, leading to many discoveries, very little capital or advanced exploration technology were available to exploit them fully. China's 1997 Mineral Resource Law was adopted specifically to enable foreign mining companies to explore and mine in the country -- inviting in the advanced exploration technology, expertise and funding China needed to truly develop its tremendous resources.
In 2004, Silvercorp acquired the Ying project, a small producing mine in the Henan province, and exploration over the next two years led to the discovery of exceptionally high-grade silver-lead-zinc mineralization in a multitude of narrow veins similar to the prolific Coeur d'Alene silver district in Idaho, U.S.A. On March 31, 2006, Silvercorp received its first mining permit from the Ministry of Labour & Resources and commercial production of silver, lead and zinc from the Ying mine began the next day.
Today, Silvercorp is China's largest primary silver producer, achieving production of approximately four million ounces of silver in fiscal 2008. Due to the exceptionally low costs of operating in China, along with the high efficiency of a skilled labour force, Silvercorp has enjoyed industry-leading profitability and returns among its industry peers. In fiscal 2008, the company generated net profits of $59.9-million on sales of $108-million, representing earnings of $0.41 per share. As testament to its profitability - and a demonstration of its ability to repatriate profits - the company paid its first annual dividend to shareholders of $0.05 per share on October 21, 2007.
Following upon its success at the Ying mine, Silvercorp acquired three nearby mines and consolidated the district in 2007. The company now has four mining permits in the Henan province along with a newly acquired development project in the Guangdong province, which is currently in the mining permit application process. In addition to its operational success Silvercorp is considered a preferred mining company in the Henan district, having built a solid reputation for upholding high safety and environmental standards and supporting local community initiatives. Silvercorp plans on continuing its growth through increasing mine capacity and production, resource expansion and continuing acquisitions with a focus in China.
Silvercorp is listed on the Toronto Stock Exchange under the symbol "SVM", and is a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and New Brunswick, Canada. The company is also a reporting issuer in the United States and commenced trading on the New York Stock Exchange under the symbol "SVM" on November 5, 2009. Prior to the NYSE listing, the company traded on the NYSE Amex beginning on Feb. 17, 2009.
The Company was formed as Spokane Resources Ltd. pursuant to an amalgamation of Julia Resources Corporation and MacNeill International Industries Inc., under the British Columbia Company Act, on October 31, 1991. By special resolution dated October 5, 2000 Spokane Resources Ltd. consolidated its share capital on a 10:1 basis and altered its Memorandum and Articles of Incorporation by changing its name to SKN Resources Ltd. On May 2, 2005, the Company filed a Notice of Alteration with the Registrar of Companies changing its name from 'SKN Resources Ltd.' to 'Silvercorp Metals Inc.'.
Prior to being listed on the Toronto Stock Exchange on October 24, 2005, Silvercorp Metals was listed on the TSX Venture Exchange from July 26, 2001, to May 1, 2005.
Myles Gao, President and COO of Silvercorp, joined the company as a director on November 25, 2002, just before the company acquired its first project in China. Dr. Rui Feng,Chairman CEO, joined on September 5, 2003.
Operating in China poses great opportunities but also unique challenges. Management of Silvercorp has built up a record of success in this environment by formulating and executing a distinct long-term strategy characterized by three key steps:
1) Acquire a project and conduct selective exploration to further delineate its potential
2) Develop mine operations and generate profits before the project's potential is fully drilled
3) Use cash flow generated from operations to fund further exploration, resource expansion and production ramp up.
Silvercorp's strategy has been effectively applied at its Ying mining and exploration project, where over 74,619 metres of underground workings (tunnels and stopes) and 78,581 metres of underground and surface drilling in 280 holes were completed between 2004 and 2007. Most of the work was financed by profits from the sale of ore taken out during mine development, which produced three key benefits critical to our continued success:
1) Local Employment - mine development creates jobs for neighbouring communities, boosting the local economy and creating an immediate sense of community involvement in the project.
2) Tax Revenue for Local Government - boost in local support and the taxes collected from profits ensures the support of the local government for the continuation and success of the project.
3) Minimum Dilution for Shareholders - immediate profits and returns means immediate value appreciation for Silvercorp's shareholders and minimum dilution of shareholders' equity.
Because the full potential of Silvercorp's projects has not been realized due to limited drilling, the projects are still open to tremendous exploration potential. For instance, only a small portion of Ying's 50 km2 project block has been fully explored. As of the date of the last technical report on August 16, 2007, silver-lead-zinc-gold-copper resources have been defined at only 18 out of 28 veins identified at the Ying property. Continuing work in these areas may find new veins as well as new mineralized shoots in known veins, potentially extending the life of the company's mines for many years.
Silvercorp plans on continuing its growth through increasing mine capacity and production, resource expansion through exploration of existing projects and continuing acquisitions with a focus in China.
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