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Re: Frank Pembleton post# 1149

Saturday, 09/13/2003 10:13:03 AM

Saturday, September 13, 2003 10:13:03 AM

Post# of 19037
michael,
I follow Claude's picks and buy them and on occasion find some of my own. I trade gold and silver stocks, at this time nothing in the "regular" market. Not a TA person I find stocks I like to hold for 3 months to a year or more then make my trading decisions by what the market does and what I can glean by calling the companies on a very regular basis and speaking with the the President, the geologist or the IR person. And believe it or not I trust most of these people. It's what you don't ask or what they don't tell you that can hurt you. <g/ng>

Here is an example. All of this may be common knowledge so let me know if it doesn't help. In the past couple of weeks I have spoken with the pres, geo and IR at SVL. SVL is aggressively looking at acquiring other silver properties in El Salvador and Guatemala and Honduras and have lined some up that have nice silver footprints, some that have been drilled already. Time will tell of the acquisitions go through.IMHO I think things will happen within 3-6 weeks. As Claude has said the potential to expand the resource at El Ocote is quite good but Cluade is very conservative. In conversation with SVL they are quite excited that the resource can be expanded 2-3 times or more from where it is. They have a 2nd breccia pipe, are finding good samples in the tuff area that may double resources by this alone, and are looking at adding millions of ounces for each 100 meters as they go up the hill. See photos and maps on web site. Things are so good on recent work they have altered their drill plan at El Ocote and will be starting to drill in a few weeks instead of the past few weeks. <g> They are cleaning out an underground adit at Arena Blanca that lies about 40 meters under surface. See their website for surface sampling numbers. 2-7 kilos per ton. SVL's own numbers for sampling have not been released from Arena blanca but I can tell you the verbals are well, huge. <vbg> The hope is is that similar numbers will be found underground at the adit to potentially confirm continuity from surface to depth. Drilling will confirm speculation and should commence within 4-6 weeks. http://silvercrestmines.com/blanca.html

SVL has a small float maybe about 11-14 million shares fully diluted and 40% or so of the shares are controlled by management. So new potential acquisitions, already drill proven El Ocote maybe coming up with more resources, potential bonanza grade at arena blanca, management starting to work up a plan for dog and pony shows, claude loves it, all point to a great speculation IMHO. I am long. I forget the rest of the story as my notes are at work.
tom
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