Replies to post #249 on Sunshine Silver Mines Corporation (SSMC)

[sanbrunobaby]

Good Evening,

The old Sunshine Mining Company sold the refinery to Formation Capital who retro-fitted it to process cobalt but can take silver for refining.

United Silver if you look at their press releases it seems finally in August they are presenting their project for what it is, an excellent exploration project. For some reason they tried to present the Crescent as a near-term production project. Seems great price now but two concerns. They get rid of Brackenbusch an experienced mining engineer and add Jim Meek. Meek you will recall was a key player in destroying Sterling Mining.Second, seems they have a partner in some New York capital firm, wonder how this will complicate management.

$.25 seems a good price before silver takes a run.

US Silver dont know effect of merger so cant comment.