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Bullboard - Stock Discussion Forum 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 Discussion

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Post by WarrantOfficer on Oct 31, 2022 2:00pm

Filing SNAFU:

My takeaways from the latest PR:

The likely imminent determination of which facts are material may impact the subsequent event notes for the Filings. = do not know which papers are relevant

Further, the Company has encountered procedural challenges in completing its first audit as an operating company, including but not limited to cross-border documentation=
they have alot of papers they don't know what to do with

Expect a management CTO until this is rectified. Great company to be invested in.  Has a few initial stumbling blocks. If they vein they hit with the PGM and gold is of any decent size, happy dances all around. 
Comment by tobinator01 on Oct 31, 2022 5:38pm
The sellers of the stock are absolutely not thinking clearly.  The market cap is C$9.1 million ($6.7 million).  Why would you sell under 20 cents?  The market cap is lower than the money they have raised/put into the project.  SBM has a fully functioning processing plant with a vein that has high grades of silver, gold and palladium.  There are plenty of mining exploration ...more  
Comment by WarrantOfficer on Oct 31, 2022 6:37pm
tobinator01: SBMI are mining old style, there is no NI43-101. Thus more risk to the investor as there is no proven or inferred resources to base the SP upon. Must wait until they figure out how to proceed with their elevated levels of gold and PDM. Until then, I believe we are heading to around .10 which will be an excellent buying opportunity. Future looks promising with Silver Bullet Mining
Comment by tobinator01 on Oct 31, 2022 7:23pm
The old style business model is one I fully embrace.  I believe they have raised more money than is their market cap, have a functioning processing site and now have reported high grade gold and palladium in their silver rich ore.  SBM's market cap was 2 - 3X higher not too long ago with much less certainty.  I could understand the selling if silver and silver producers stocks ...more  
Comment by TrumpThis on Oct 31, 2022 11:41pm
After SBMI does the Idaho 'bulk sample', are they permitted to continue on 'bulk sample #2' to produce another 45,000 = 90,000 oz?
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