Replies to post #1099 on Silvercorp Metals Inc (SVM)

[Boing x 2]

surfer44,

I agree they are in a good position with that cash.

He did say it could be a gold company. I am taking a guess OMAI. They are hitting big grams per ton on their drilling and we own 34M shares, or more now, and have a SVM person on their board.

It would not take much to get this project going, after this year drill results, as it was an operating mine and they already have two necessary reports on available gold.

With gold likely to take off soon with the way things are going, it would bring big bucks to the bottom line quickly.

Two months and then the time to close the deal and then they hit the ground running. They would need to build a plant as Iamgold moved the plant when they left for what was greener pastures at the time.

I heard the discussion where they said they would have to move the plant anyway as they feel there is gold under were the plant was sitting and beyond where it was.

Time will tell.

Boing X 2