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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 Oct 27, 2010 7:37am
341 Views
Post# 17616983

RE: Mexico

RE: MexicoYes, Pura Curazon wasn't exercised, but that was more than a year ago!  And Pura Curazon had very little silver on it (compared to Cerro los Minitas), more of a lead/zinc/copper property with minimal silver.  And it actually had much less than the 13 million ozs. you say, more like 8-10, and frankly the biggest reason for the drop in Mexico ozs. is relative silver/zinc/lead prices, as when the initial resource was calculated several years ago zinc/lead were $1.50/oz+ and silver closer to $15-$17.  Plus, Pura Curazon could easily be brought back into the mix when the mill is installed.

As for China, yes 40 million silver equiv. ozs. on the Dadi 43-101 from nearly a year ago, and a very high percentage of it is silver.  And after this year's program, the goal is to ASAP update the Dadi report and initiate an initial Laopandao report, which in sum total are likely to double the China resources, IMO.

Once the company's coffers are fuller, they will undoubtedly drill up Mexico and build more resources, as the consensus of people in Mexico is that CLM likely has 100+ million Ag equiv. ozs.
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