RE:Anyone here?South 32 noticed and they are working towards solidifying their JV requirements to earn 70% of the project. I guess the rationale is 30% of something huge is better than 100% of not a lot.
This has over 100mm ounces of silver and a boatload of zinc. This is the southerly trend of the system that extends up into Arizona. Wildcat Silver was bought out by South 32 in a multi billion deal a few years ago, so they like what they see here.
At 11 cents there is not a lot of downside, especially in a market where silver is looking to rip.