Silver Elephant Mining Corp (SILEF)

[Tejas747]

I think silver and nickel have just about found their bottom. As it turns out the company has no plans to produce nickel from Minago but keep the resourse in the ground and let the price rise. Elon Musk quote follows -

“Well, I’d just like to re-emphasize, any
mining companies out there, please mine
more nickel. Okay. Wherever you are in the
world, please mine more nickel.”

I'll continue to add shares cautiously and wait for the game to develop. SILEF plans to triple it's silver holdings this year and I believe they will. They certainly are non-traditional in the way they drill to prove up reserves but it is very cost effective. CEO has plenty of skin in the game so he is incentivised to provide shareholder $ returns. Color me long and patient. I tried to add some cheap shares today with silver prices down but didn't get filled at .292. Maybe tomorrow.

Nickel was pounded over the past week to 3 month lows. Does anyone believe that will hold when commodities begin to reflect the sins of the printing pres fed?

GLTAL