NYSEAM:SVLC - Post by User
Comment by
ch08532on Apr 19, 2015 7:39am
183 Views
Post# 23644212
RE:Funding for La Joya?
RE:Funding for La Joya?Currently, investing in La Joya doesn't make economical sense at $16/oz silver. La Joya deposit is much different than SE..it's a silver copper deposit with a bit of gold....and it's somewhat low grade.
The PEA released in 2013 shows at a minimum $22/oz silver, $3 Copper and $1200 Gold as the base case to make it viable. Management mentioned possibly looking for a partner (joint venture) to help fund the project to production.