Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Silvercrest Metals Inc T.SIL

Alternate Symbol(s):  SILV

SilverCrest Metals Inc. is a Canada-based precious metals producer. The Company is engaged in acquiring, discovering, and developing high-value precious metals projects and operating multiple silver-gold mines in the Americas. The Company’s principal focus is its Las Chispas Operation in Sonora, Mexico. The Las Chispas Operation is located about 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The property consists of about 28 concessions totaling 1400.96 hectares (ha). Its El Picacho Property is located about 85 km northeast of the Company’s Las Chispas Project and is comprised of 11 mining concessions totaling approximately 7,060 ha. Its Cruz de Mayo property is located in the State of Sonora, Mexico, about 22 km northwest of the town of Cumpas and 163 km northeast of Hermosillo. The Cruz de Mayo Property consists of two mineral concessions, Cruz de Mayo 2 and El Gueriguito. Its other projects include the Silver Angel Property and the Estacion Llano Property.


TSX:SIL - Post by User

Comment by tigris72pooon Aug 14, 2020 6:05pm
227 Views
Post# 31410931

RE:The King of Grade !

RE:The King of Grade !Ok.  Now I get why the stock didin't go up on those spectacular drilling results.  In my excitement over a kilo AuEq /ton ore, I confused my grams with ounces and posted that ore that rich is worth $2 million /ton.  While nobody called me on it, I am sure people like Eric Sprott who have sharper pencils figured out that a kilo of gold contains 1,000 grams - not 1,000 oz and is therefore ONLY worth $63,000 /ton.  No wonder people are selling....

Except for Eric Sprrott of course who stressed how profitable that high grade ore is going to be (even if you don't believe that silver is going to $100) and how much it will help earnings and payback if it gets sequenced at the beginning of the mine life.  I apologize for the error of my ways.
I still think anybody who bought this week will be rewarded.  But just a reminder that what we read in these boards is often hastily written and poorly researched even if it is not meant to deceive.
Mea Culpa!
<< Previous
Bullboard Posts
Next >>