Monday, March 26, 2018 2:08:51 PM
Bullish on Silver? Bullish on Silver Bull
By Bob Moriarty for Streetwise Reports
March 23, 2018
Bob Moriarty of 321 Gold profiles a silver explorer that has changed direction and is finding drilling success.
Silver Bull's Sierra Mojada Project
I wrote ( https://tinyurl.com/y7tlnust ) about Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) back in November. The stock was unloved and hovering at $0.11 a share. I suggested potential investors watch for news releases because the company has totally changed direction. Since then the price of silver has been pretty much unchanged but Silver Bull has doubled.
We found a new young writer recently who has been generating some valuable information about various investing issues. Recently he wrote a piece about silver ( https://tinyurl.com/yd5fnst6 ) that uses a different approach to say what I have been trying to say for a year. Silver is cheap and as I said in my book, you should buy cheap and sell dear.
As I write, the ratio between silver and gold is 81.23 ounces of silver to buy one ounce of gold. In Kevin's article he clearly shows how the return on silver is far higher if you buy silver when the ratio is above 80:1. Silver is cheap and Silver Bull is even cheaper.
While the "Experts" are mumbling about how JPM is manipulating silver with the biggest short position since Christ was a Corporal, my readers are making money. The "Experts" have been wrong with everything they have said about silver for 20 years that I have followed them. If you are a real "Expert" you really should get something right once in a while. These idiots have no idea of what JPM is doing with silver any more than you or I do.
On March 14th Silver Bull released assays from the last three drill holes at their Sierra Mojada project in Northern Mexico. The best hole was 10 meters of $964 rock. That's a home run hole and the other three holes were shorter but almost the same grade.
We found a new young writer recently who has been generating some valuable information about various investing issues. Recently he wrote a piece about silver that uses a different approach to say what I have been trying to say for a year. Silver is cheap and as I said in my book, you should buy cheap and sell dear.
As I write, the ratio between silver and gold is 81.23 ounces of silver to buy one ounce of gold. In Kevin's article he clearly shows how the return on silver is far higher if you buy silver when the ratio is above 80:1. Silver is cheap and Silver Bull is even cheaper.
While the "Experts" are mumbling about how JPM is manipulating silver with the biggest short position since Christ was a Corporal, my readers are making money. The "Experts" have been wrong with everything they have said about silver for 20 years that I have followed them. If you are a real "Expert" you really should get something right once in a while. These idiots have no idea of what JPM is doing with silver any more than you or I do.
On March 14th Silver Bull released assays from the last three drill holes at their Sierra Mojada project in Northern Mexico. The best hole was 10 meters of $964 rock. That's a home run hole and the other three holes were shorter but almost the same grade.
Sierra Mojada has an existing 43-101 showing 90 million ounces of silver and 4.67 billion pounds of zinc but there is serious environmental and safety issues working oxide zinc and especially lead. The market didn't like that so SVB lost 80% of its value between 2011 and today.
Company president and CEO Tim Barry changed direction in 2017 and began to drill the sulfide resource that he knew was underneath the oxide mineralization. His aim was to delineate a high-grade sulfide resource that works with current processes of working sulfide silver, lead, zinc deposits. His theory worked and the market moved the Silver Bull shares from a low of $0.035 in January up 550% to today's price.
In 2018 Silver Bull intends to step out and drill the Paloma Negros prospect 9 km along strike from the main Sierra Mojada deposit. Historical drill results from the 1950s from Penoles show sulfide mineralization up to 10 meters with similar +18% combined lead and zinc.
Drill results will continue to be released and I expect the market to revalue Silver Bull as more sulfide assays are released. The next giant step forward will naturally be a revised 43-101 showing the sulfide resource but that could be up to a year down the road.
Silver is very cheap now and with the increasing chaos both politically and financially, I expect all of the precious metals to go higher. But especially silver and platinum. They are very cheap. A tailwind from the price of silver will return SVB to the higher market cap it once enjoyed.
The company is a pleasure to work with and certainly they do a wonderful job of keeping me up to date. They have an excellent presentation all potential and actual investors should read ( https://tinyurl.com/y8e78dqb ). They do what they say they are going to do and I value that a lot.
Silver Bull is an advertiser and I do own shares. Please do your own due diligence.
Silver Bull Resources
SVB-T $0.225 (Mar. 23, 2018)
SVBL-NYSE 200 million shares
Silver Bull website: http://www.silverbullresources.com/s/home.asp
https://www.streetwisereports.com/article/2018/03/23/bullish-on-silver-bullish-on-silver-bull.html
Recent GOLD News
- Porgera Mine Working with UN and Enga Provincial Government to Provide Humanitarian Aid to Violence-Stricken Province • GlobeNewswire Inc. • 09/20/2024 03:35:21 PM
- Barrick Continues to Unlock Value Embedded in Its Asset Base • GlobeNewswire Inc. • 09/17/2024 05:00:29 PM
- Feasibility Study on Lumwana Super Pit Expansion Expected by Year-End • GlobeNewswire Inc. • 09/11/2024 09:00:00 PM
- Key Projects Advance as Barrick Keeps Tight Focus on Value Creation and Growth • GlobeNewswire Inc. • 08/12/2024 10:00:00 AM
- Barrick Declares Q2 Dividend and Buys Back Shares • GlobeNewswire Inc. • 08/12/2024 09:59:00 AM
- U.S. Futures Steady as Markets Await Key Inflation Data, Oil Prices Climb • IH Market News • 08/12/2024 09:47:41 AM
- Mining Plays a Vital Role in Advancing the UN’s Sustainable Development Goals, says Barrick • GlobeNewswire Inc. • 08/02/2024 06:45:39 PM
- Porgera Remains On Track Despite Mulitaka Landslide Challenges • GlobeNewswire Inc. • 07/25/2024 11:00:00 AM
- Higher Q2 Production Puts Barrick On Track to Deliver 2024 Targets • GlobeNewswire Inc. • 07/16/2024 11:00:00 AM
- Barrick Continues to Invest in Mali • GlobeNewswire Inc. • 07/09/2024 07:00:00 PM
- Exploration Success, Capital Investment and Reserve Growth to Sustain Kibali’s Production Profile • GlobeNewswire Inc. • 07/02/2024 04:00:00 PM
- Barrick and Zijin Contribute $1 Million to Support Papua New Guinea Landslide Victims • GlobeNewswire Inc. • 06/07/2024 11:18:39 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/29/2024 08:01:04 PM
- Barrick’s Sustainability Strategy Delivers Real Value to Stakeholders • GlobeNewswire Inc. • 05/15/2024 11:00:00 AM
- Barrick Announces Extensive Exploration Partnership with Geophysx Jamaica • GlobeNewswire Inc. • 05/01/2024 10:15:00 AM
- Barrick to Ramp Up Production As It Remains On Track to Achieve 2024 Targets • GlobeNewswire Inc. • 05/01/2024 10:00:00 AM
- Barrick Declares Q1 Dividend • GlobeNewswire Inc. • 05/01/2024 09:59:00 AM
- Barrick Announces Election of Directors • GlobeNewswire Inc. • 04/30/2024 08:15:55 PM
- Barrick On Track to Achieve 2024 Targets • GlobeNewswire Inc. • 04/16/2024 11:00:00 AM
- Notice of Release of Barrick’s First Quarter 2024 Results • GlobeNewswire Inc. • 04/09/2024 11:00:00 AM
- Strategy-Driven Barrick Builds on Value Foundation • GlobeNewswire Inc. • 03/28/2024 09:20:38 PM
- Barrick Hunts New Gold and Copper Prospects in DRC From Kibali Base • GlobeNewswire Inc. • 03/20/2024 02:00:00 PM
- Barrick Opens Academy at Closed Buzwagi Mine • GlobeNewswire Inc. • 03/18/2024 08:00:00 AM
- Barrick to Grow Production and Value on Global Asset Foundation • GlobeNewswire Inc. • 03/15/2024 11:53:01 AM
- Loulo-Gounkoto Delivers Another Value-Creating Performance • GlobeNewswire Inc. • 03/10/2024 10:00:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM