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Silver Bull Resources Inc SVBL


Primary Symbol: T.SVB

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.


TSX:SVB - Post by User

Comment by Heywood_Silverson Aug 19, 2021 6:44pm
173 Views
Post# 33737537

RE:Asleep

RE:AsleepWell, what does the Bull have left to do for shareholders at this point?

1)  Spin off the Kazakhstan assets.  I would guesstimate they'll be worth maybe 15 cents a share?

2)  Sell of the remaining 30% of Sierra Mojada to South 32 for a guesstimated amount of $1.25 a share.

I expect to do barely better than break even on this when it is all said and done.  This could've been so much better an investment if only Sierra Mojada was kept 100% and funds allocated towards foreign excursions were instead utilized to shore up the resource base at the flagship project.

Lack of discipline is what cost us here.  We were a silver project, no a zinc project, no a combo play.  We have a flagship project, no a possible JV, no pokers in multiple fires.

The Bull unfortunately never quite knew what or where it was from season to seaon.  The fact that the CEO had to practically beg shareholders on multiple occasions to vote and then delay meetings was all the indication one needed with regards to the apathy that the shareholders (and by extension management) had towards the future prospects of this company.

Well, I'll get off my soapbox now.  We can't win them all, I'm just glad I won't be losing on this, other than opportunity costs.  Who knows, by the time this all shakes out, the precious metals could by flying so high that even laggards such as the Bull will yield tremendous gains.
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