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Silver Bullet Mines Corp. SBMCF


Primary Symbol: V.SBMI

SBMI's flagship asset is the Black Diamond Project located in the major mining camp of Globe, Arizona. Black Diamond is a massive project, covering 4900 acres and hosting five former producing silver mines. SBMI also owns the George Washington Mine, a former silver and gold producer in Idaho on patented lands.


TSXV:SBMI - Post by User

Comment by WarrantOfficeron Feb 28, 2024 9:22am
122 Views
Post# 35903439

RE:Price drop

RE:Price dropLenard: They do have a fully paid production facility and no debt, that is great. Going forward from that, they have encountered hurtle after hurlte. The heat wave they could not control. On 4 May 2023 they rcvd $225K USD from a purchaser as a cash advance for 500 Kg silver monthly. That is the last we have heard about it. There has been zero production updates. Plenty of hype, but no dore bars. It took them months to figure out what to do with the elevated PGE assays. It's hurtle after hurtle. They are certainly not there to fail at this, but my gut check feeling is mismanagement. Peter Clausi stated on video that the Zone 1 vein is 2 miles long and they will be mining it for years to come. Will see what the next couple of quarters bring.
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