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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.


TSX:SVM - Post by User

Bullboard Posts
Comment by yoyoyo9992on Dec 06, 2010 2:01pm
544 Views
Post# 17807071

RE: I'm All For It

RE: I'm All For ItYes, absolutely.  I'll take $113 milllion (after the overallotment) for a measly 9 million shares in a heartbeat.

Per talking with the company, this is exactly the amount it will take to get BYP, GC, and Silvertip into production.  Plus, they still have $125+ million of cash for additional acquisitions, and are anticipating another $100+ million of cash flow in 2011 at current metals prices.

Sitting on depreciating cash is NOT the thing to do in this environment, buying PM assets IS!

And they are now expecting the GC mining permit ANY DAY NOW.

yoyo
Bullboard Posts