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

Silver Bullet Mines Corp. V.SBMI

Alternate Symbol(s):  SBMCF

SBMI's flagship asset is the Black Diamond Project located in the major mining camp of Globe, Arizona. Black Diamond is a massive project, covering 4900 acres and hosting five former producing silver mines. SBMI also owns the George Washington Mine, a former silver and gold producer in Idaho on patented lands.


TSXV:SBMI - Post by User

Comment by tobinator01on Nov 01, 2022 2:46pm
140 Views
Post# 35064005

RE:cost of production

RE:cost of productionSBM has not disclosed their estimates for the cost of production for Buckeye or the rate per ton they are paying for the Washington Mine.  At Buckeye, they are mining a large, long silver rich vein.  Let's assume 20 ounce per ton silver only and 100 tons per day throughput.  That would yield 2000 ounces per day.  The 20 ounce per ton might not seem like much but it is very good.  I'd guess $10/ounce costs ($20,000/ day) with a small team, refining cost etc.

The 1/3rd to 1/2 ounce per ton grades of Gold and Palladium.  Let's say they recover half those grades and yield 50 ounces per day of the two metals combined in equal quanties.  Average price for both is $1735 ($1650 Au and $1820 Pd).  Those two metals add another $86,750 revenue per day.  On a silver equivalent basis at $19.66/ounce, those two metals production would be 4400 equivalent per day silver.  I should point out the Au/Pd revenue would likely represent pure profit.

Now let's put it all together.  Silver is 2000 ounces and Au/Pd silver equivalent 4400 for a total of 6400 ounces per day.  Use 300 operating days per year equals 1.92 million silver equivalent ounces per year.

One can discount the hell out of these figures and come up with a company several multiples in value than the present.  This is why selling stock in a $7 million dollar market cap company requires a deep dive with a psychologist.
<< Previous
Bullboard Posts
Next >>