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Bullboard - Stock Discussion Forum SilverCrest Mines Inc SVLC

NYSEAM:SVLC - Post Discussion

SilverCrest Mines Inc > Funding for La Joya?
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Post by bargainhunter6 on Apr 19, 2015 6:57am

Funding for La Joya?

If I'm looking at SVL's numbers for the next few years for their current mine, it looks like they'll be cash flow positive of ~20 million/yr (est @$18/oz in 2015, $19/oz in 2016). Any guesses as to how they're going to fund La Joya if they start building next year? It looks like silver might stay around $16/oz for the next year or so...
Comment by ch08532 on Apr 19, 2015 7:39am
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  ...more  
Comment by davwal on Apr 21, 2015 8:55pm
This stock just has no volume.Keep it quiet so management can invent something for an incentive bonus or even maybe yet just straight out restricted shares.imho
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