SilverCrest Mines Inc SVLC

RE: Bids growing

[scott]

Nope...I don't believe so, I think today's move is more a reflection of the general gold/silver upward surge. Most resource stocks are finding some wind at their back today which is nice to see, it’s long overdue. Unless you believe this global financial storm has passed and the US dollar is good as gold, along with other currencies being inflated beyond belief, gold/silver bullion and related securities seem like a pretty good place to be right now. Yes, they’ve been relentlessly hammered in recent weeks, but psychology is a funny thing, it can turn on a dime and I’d hate to be on the wrong side when it does…today may just be that turning point!

Regarding Silvercrest specifically, it has been trading not too far from its cash value...give me a flippin' break! It's not just them; so many promising resource companies have been screaming buys for weeks as they continued to be pounded into the ground. I think they were due a reprieve from the pummeling and appear to finally be getting it. I’ve felt for the past two weeks that many of these companies were bouncing close to a bottom at these levels, I still believe that to be the case. The down side seems pretty limited at this point in my opinion with enormous upside potential. From a conversation I had yesterday, it's my understanding that Silvercrest will not be announcing the new drill results until next week sometime. Management is traveling to "The Silver Summit" (https://www.thesilversummit.com/) this week which made it difficult for them to prepare the release and get it out as planned.

Cheers!