SilverCrest Mines Inc SVLC

RE:RE:RE:Input on my logic please

[blue_sea]

In times of crashing prices for precious metals the first task of the management was to ensure that the production and the costs for it would be as good to reach the break even point to secure profit. And this was what the management managed in a great way, congratulations!
Silvercrest was one of the very few who closed the quarter with good profit despite of the fallen prices. Many other companies produced a loss despite of depleting their resources.

Under that point  of view it is understandable that the exploration at Ermitano wasn't one of the main targets of Silvercrest. And it is not unusual that projects get dropped when they don't bring good results even in the early stages of exploration. Silver companies are always on the look for new areas. Wouldn't it be a very easy business when every drill would bring bonanza grades?

Just look at Aurcana Corp. which had alot invested in the Chester mine (if I remember right) but always survived with their main project and mine.

With outstanding figures for the last quarter Silvercrest was in a good position. The acutal price per share is a really bad joke and the take over bid of FR is like a stink bid when the markets were down.