Silver Bear Resources Inc T.SBR

Alternate Symbol(s): SVBRF

Metals & Mining Silver

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

Silver Bear Resources Inc

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Comment by mtsuiton Oct 23, 2008 2:35pm

540 Views

Post# 15543674

RE: Such a deal

<<They have a 2008 exploration budget of $14.9 million,>>

Looks like $4.6mm was already spent in 1H08, so the balance is about $10mm.

Insider ownership is high. I hope they see the price of their stock and the price of silver and cut the budget for 2009.

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