MrDemas, it looks like half the silver at the Strand Mine is near the surface. It seems that the resource has been scientifically defined. The NI report for Kimberly results reported on the website is pretty phenomenal but this is an underground mine with shafts chasing veins all over the place. Without gold prices where they are it wouldn't be feasible.
400 things can go wrong in any mining operation. Mining is a lot more expensive than promoters will tell you. Exploration is extremely expensive. It is easy to fall for the hype. Maybe it shouldn't be so strange but legit companies and scams look exactly alike in the early development stages.
More than half of all start ups will fail to find defined resources. They will mine your wallet until they fold the tent or morph into something else or sell off or merge assets. 95% of all core samples will produce nothing commercially viable..
There have been 100s if not 1000's of resource studies conducted on claims just about everywhere you can think of and most of them are scientifically questionable.
To say the odds are stacked against you in this business is an understatement.
I have been scammed and I know it. I have blindly bought in to wild scenes and I know it. I have gotten to the point where I think I can smell a rat but also separate the wheat from the chaff. So far, SHSH smells good to me but that opinion could change on a dime. In the meantime, I will build my position. My long term exit strategy is $3 to $6 per share.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.