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Silver Dragon Resources Inc SDRG

"Silver Dragon Resources Inc is a mining and metals company focused on the acquisition, exploration, development, and operation of silver mines in proven silver districts globally. It is a mineral exploration company engaged in six properties located in the Erbahuo Silver District in Northern China namely, the Dadi, Laopandao, Aobaotugounao, Shididonggou, Yuanlinzi and Zhuanxinhu properties."


GREY:SDRG - Post by User

Bullboard Posts
Comment by yoyoyo9992on Jun 15, 2010 10:20pm
358 Views
Post# 17192386

RE: 2011 the yr of the dragon hopefully !!

RE: 2011 the yr of the dragon hopefully !!Fire,

Stop WORRYING so much.  These are not "delays", the company can only move as fast as the markets, and as I've noted dozens of times before, right now junior mining valuations, even for gold and silver companies, are near their multi-year lows.

The TSX in and of itself won't make the stock rise, and neither will modest production from Mexico.  What will matter is rising multiples (to resources) of the sector, which will occur when sentiment changes.  When SDRG hit
.50/share in December, it is b/c valuations in the sector has risen from their lows of about
.25/Ag equivalent oz. to closer to
.75.  Now we're back to
.50 and below, which will likely change again soon when gold/silver finally REALLY break out, which I believe is IMMINENT.

Plus, SDRG's resources keep in rising.  In China, the Laopandao 43-101 is being done this summer, and more work has been done there than any other property.  Plus, the 15,000 meter drilling program will be completed in the fall, and then resources on both Laopandao and Dadi will likely rise significantly again.

The stock price has nothing to do with "delays", it is just tracking the valuation of 90% of the PM juniors, which are at hte very end of the pendulum swing, getting ready to swing back.  And once this year's drill program is completed, it will be increasingly obvious that SDRG controls 40% of what could be the largest silver mine in China.  As far as I am concerned (and always have been), Mexico is just gravy.

As long as you are bulliish on silver, have no worries about SDRG!

yoyo
Bullboard Posts