SILVERBUGS (SILVER)

[basserdan]

From the Silver Bull board @ Stockhouse:

New Mine Intercept is Worth $271/ton!
July 29, 2019 - 08:26 AM

Great News this morning out of Silver Bull. Their new mine intercepts show 13.25m grading 16 G/T Ag, 9% Zn, and 2.1% Pb. This gives a mineral value of $271/ton on a first strike! So close to the surface would leave it available to open pit with costs as low as $20/ton. This is a high-grade intercept. More than just an encouraging result, it is a huge strike and good length.

To calculate:
https://www.kitco.com/pop_windows/kitcorockcalc.html

https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=29969548

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RE:New Mine Intercept is Worth $271/ton!
July 29, 2019 - 08:32 AM

For Comparison I keep using Arizona Mining that South32 bought out.

Here are there strike intercepts from May 22, 2018 for Arizona Mining.
https://www.globenewswire.com/news-release/2018/05/22/1509823/0/en/Arizona-Mining-Reports-Significant-High-Grade-Drill-Results-in-a-New-Copper-Rich-Zone-at-the-Taylor-Project.html

Using the calculator:
https://www.kitco.com/pop_windows/kitcorockcalc.html

This gives a value of $277 per ton of rock for Arizona Mining and their 160ft intercept.

This compares with SVBL results this morning of 45ft of intercept worth $271 per ton. Keep in mind similar geology and Arizona Mining was bought out for $1.6 billion. We are still at a market cap of $20 million.

https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=29969578

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Drilled 2,742m in 2019 So Far, Lots to Go
July 29, 2019 - 02:47 PM

Silver Bull Resources has drilled 2,742m of their 8,000m drill program so far in 2019. Some great results already and better resource definition and a 950m extension of resource zone which drops straight into resource available. Keep in mind the 8,000m program is the minimum, based on their resources in bank and South32 funding they could almost double this program without further funding or share dilution. Exciting stuff. It doesn't take much from this to the following levels. First break $0.20 USD then shoot up to $0.38-$0.40 from 2013-14 levels and then $0.60 cent range next, then nothing till $1.10-$1.30 range which is where we should be at. Gives company a valuation of $250 million and allows for strong funding for future development. When we start trading a few million shares a day, this will happen fast and everyone will sell too soon.

https://stockhouse.com/companies/bullboard/svbl/silver-bull-resources,-inc?postid=29971685