Silver Bull Resources Inc SVBL

Primary Symbol: T.SVB

Metals & Mining Industrial Metals & Minerals

Silver Bull Resources, Inc. is a Canada-based exploration-stage company. The Company owns a number of property concessions in Mexico within a mining district known as the Sierra Mojada District, located in the west-central part of the state of Coahuila, Mexico, near the Coahuila-Chihuahua state border approximately 200 kilometers south of the Big Bend of the Rio Grande River. The Sierra Mojada Project site is situated to the south of the village of Esmeralda, on the northern side of a major escarpment that forms the northern margin of the Sierra Mojada range. The principal mining area extends for approximately five kilometers in an east-west direction along the base of the precipitous, 1,000-meter-high Sierra Mojada Range. The Sierra Mojada Project comprises over 20 concessions consisting of approximately 6,496 hectares (about 16,052 acres). The Sierra Mojada concessions contain a mineral system which can be separated into two distinct zones: a silver-rich zone and a zinc-rich zone.

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Silver Bull Resources Inc > No interests for SVB ?

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Comment by LondonInveston Jul 06, 2020 12:07pm

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Post# 31229008

RE:RE:RE:RE:RE:No interests for SVB ?

Hi,

I have been accummulating SVBL for years and have a VERY sizeable position.

South32 being on board is very significant. As for the resource, they already have a NI43-101 with Measured and Indicated being:
Ag - 90.8 Million Oz
Zn - 4.67 Billion Lbs

Assumptions were for $18/oz Ag and $1.00/lb Zn

As the surface resource is oxides recoveries are lower, but they factored in 75% recovery for Ag and 41% for Zn.

This gives following
Ag - 90.8 Million Oz x 0.75 x $18 = $1.22 Bn Ag value
Zn - 4.67 Billion Lbs x 0.41 x $1.00 = $1.92 Bn Zn value
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Total known M&I resource is $3.14 Bn with ~60% Zn and ~40% Ag split.

The total market cap of this company is <$20 Million USD. This could easily trade at 10% of resource in ground, $300 Million or a 15x return.

This company is valued as an explorer looking for a resource, not a company with a resource and exploring for the main ore body to make it a bonanza company. It has alot similar to Arizona Mining's Taylor deposit which South32 bought for $1.6 Bn. This is why South32 is involved, looking for another Arizona Mining. They are had been drilling and hitting sulfides honing in on main ore body.

[url=https://https://www.silverbullresources.com/projects/overview/]NI43-101[/url]

Here is resource IRR at different ore prices.

[img]https://https://www.kitco.com/ind/Tommy/images/20131009_image004.jpg[/img]