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Silver Bear Resources Inc T.SBR

Alternate Symbol(s):  SVBRF

Silver Bear Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration, evaluation, and development of precious metal properties. The Company’s segments are based on geographical location being the property in the Russian Federation (Mangazeisky). The Company is focused on the development of its wholly owned Mangazeisky Silver Project, covering a license area of approximately 570 square kilometer (km2) that includes the high-grade Vertikalny deposit, located 400 kilometers north of Yakutsk in the Republic of Sakha within the Russian Federation.


TSX:SBR - Post by User

Bullboard Posts
Post by stopedouton Oct 23, 2008 2:28pm
790 Views
Post# 15543646

Such a deal

Such a dealEnd of q2 08 SBR had about $35 million cash, including the subsequent 1.5 million share placement at $3.
They have a 2008 exploration budget of $14.9 million, so assume that they have $20 million at the end of 2008, or about 50c per share. Still seems like a deal at 14c doesn't it?
Budget for 2009 is $18.5 million so they are empty by end 2009 assuming they keep spending.
Kind of like ordering a $100 bottle of wine at a restaurant, but you only have to pay $15!
The only catch is that the waiter uncorks the bottle in the kitchen and carrys it up-side-down to your table.
Hopefully there is still some wine in the bottle by the time it gets to you.
I bought some at 14c this morning.
Bullboard Posts