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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 realtyon Aug 13, 2020 8:22am
322 Views
Post# 31402082

RE:RE:Question

RE:RE:QuestionThis was a bad deal for Silver Bull.  The Smart Money is leaving the company.  For example, Eric Sprott is selling his shares out of the company due to the ceiling now put on the shares due to South32 owning 70% of the company (option).  There are red flags all over the place.  Here is a great example, when the last drill results came out, which were not as fantastic as the drill results from the previous year, Silver Bull's CEO came out and explained why.  He said that the drill holes were placed at the EDGES of the guts of their mineralized system.  So, why do you think they did that under South32's guidance?  Why?  Because South32 already knows what it has and was simply testing the outer limits of the system.  They dont want to hit huge discovery holes at this point because it will only raise the cost of their buyout price.  They know what they have, so test its limits and then do a buyout.  Most of the drilled out portion of this project is an oxide discovery.  They were just getting onto the fantastic sulphide discovery.  Why make a deal with South32 and give away the company when they could have kept drilling with those amazing holes like the Hermosa project is beyond me.  Dumb management moves...  Too late to fix now.  The money got sucked out of the potential of this company.  Realty
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