NYSEAM:SVLC - Post by User
Comment by
junior_mineron Nov 29, 2009 11:32am
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Post# 16534069
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Second
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Second"Based on the original 43-101, there would be about 350,000 oz of gold and in excess of 20 million oz of silver left in the heap leach tailings, including the u/g ore."
There's no such resource in tails. 33% of 339000 oz reserves would be 112000 oz plus silver. There needs to be lot more to justify building a mill. I don't see drilling indicating it at this point.
What ever management says, or how skillfull they are, they always present their stuff in best possible light. It's their job. Your job as an investor is to sort out facts between wishful thinking.