RE: My take on today's NR is....Tonight's PR was of course a disappointment, but it does not change the long term value of SBB. Speaking of value, that's probably what pushed SBB up from $1.12 to the $1.30 range again. On Wednesday a popular newsletter writer highlighted the bargain that SBB was based on a simple in the ground resources: "205 million ounces of silver and 4.3 Billion poundsof zinc -- the equivalent of US$7.1B of metal at current prices".
Perhaps Zinc has bottomed this past week with that jump from below $0.80 to over $0.90.
And Silver seems ready to move to $20. All good things to keep SBB moving back up. From Jim Willie:
Silver: Double Cup & Handle reversal pattern
As for preserving cash, It makes sense to do that until at least the life comes back to the junior sector.
-Alex