Friday, July 10, 2020 12:41:28 PM
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
----------------------------------------------------------------------------
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
Recent SVBL News
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/27/2024 09:45:02 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 02/13/2024 09:30:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:46:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:33:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:30:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:25:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:23:50 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/29/2024 10:03:24 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 11/07/2023 08:36:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 08:34:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 08:33:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 08:31:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 08:13:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/18/2023 09:18:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/14/2023 11:32:44 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/08/2023 08:25:28 PM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM