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Silver Bull Resources Inc T.SVB

Alternate Symbol(s):  SVBL

Silver Bull Resources, Inc. is a Canada-based exploration-stage company. The Company owns a number of property concessions in Mexico within a mining district known as the Sierra Mojada District, located in the west-central part of the state of Coahuila, Mexico, near the Coahuila-Chihuahua state border approximately 200 kilometers south of the Big Bend of the Rio Grande River. The Sierra Mojada Project site is situated to the south of the village of Esmeralda, on the northern side of a major escarpment that forms the northern margin of the Sierra Mojada range. The principal mining area extends for approximately five kilometers in an east-west direction along the base of the precipitous, 1,000-meter-high Sierra Mojada Range. The Sierra Mojada Project comprises over 20 concessions consisting of approximately 6,496 hectares (about 16,052 acres). The Sierra Mojada concessions contain a mineral system which can be separated into two distinct zones: a silver-rich zone and a zinc-rich zone.


TSX:SVB - Post by User

Comment by Heywood_Silverson Jul 23, 2020 11:59am
312 Views
Post# 31308155

RE:RE:RE:RE:RE:RE:Anyone here?

RE:RE:RE:RE:RE:RE:Anyone here?The wild card in play here is zinc.  Back when AZ Mining was bought out, zinc prices were nearing record highs.  There is 100+mm ounces of silver, but SVB only retains 30% ownership of that if the JV proceeds to full fruition.  Hence, the zinc is what will really make or break this project.

SVB management was so high on zinc a few years ago they totally rebranded their whole approach and were marketing this as a dual silver-zinc play.  I know most of us here aren't in it for the zinc, but it is what could really end up making or breaking the future prospects of the project.  As I said in a prior post, I think we should expect around a 5 bagger for a base case, but if zinc catches fire then maybe we start talking 10 bagger.
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