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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 20, 2020 4:11pm
162 Views
Post# 31435573

RE:RE:RE:Reserve?

RE:RE:RE:Reserve?I am not an expert on DSV but on first glance I think you are comparing a Lamborghini to a Yugo.

DSV cutoff grade is 15g/ton for 407 million oz Ag and 50g /ton for 128 mill oz.  Eric Fier would even piss on that ground which will be donkey pasture if silver prices don't do what we all hope for.
Their AgEq oz include a lot of Zn and Pb too, while SIL is about 50% -%05 Au-Ag with very little base metals.  Capex for DSV $570 mill vs about $130 for SIL.  Sil has C 211 mill in cash vs $80 mill for DSV.  SIL drilled 97,000 m in the 1H 2020 alone, DSV has drilled less than 20,000m.
SIL has already spent over $100 mill on drilling and development and the payback and IRR on Las Chispas will be world class - not marginal.  
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