Silver Bullet Mines Corp. V.SBMI

Today's Sellers Regret

[tobinator01]

The press release today wasn't all that great.  No reference to the diabase and other assays.  SBM announced that the Washington Mine development is further delayed.  Their May 2022 guidance concerning the Washington Mine is a huge miss in time and accomplishments.

We have known for weeks that SBM has the assay results for the diabase sampling they did.  The don't want to release those until the second third party finishes the referee samples.  I'm going to bet those folks are being careful as possible due to the likely high grades they are also getting. 

Okay, why the title?  Here's where I think investors will regret selling today.  Why is SBM taking time to find the core samples from an earlier exploration program on the property and assaying them for Au+PGE's?  The logical answer is the diabase contains Gold, Palladium and other PGE's.  You would not bother to do anything with those earlier drill cores unless there was a high probability they ALSO cantain what the diabase results indicated.

Pure speculation on my part but the key information in today's otherwise ho-hum press release is a strong possiblility the diabase results are showing the vein leached metal into the surrounding base rock.

[Magnum2]

So they have NO understanding of the historic drill results?

[tobinator01]

I watched the video interview yesterday.  Peter Clausi said the company drilled and left the core without assaying them.  My guess is that the firm just ran out of cash since 2017 was a weak time for precious metals making raising money tenuous at best for exploration.  For the most part, there's plenty of historical information on their properties but nothing that can be used