TSXV:NORA.H - Post by User
Comment by
YeOldGoldNuggeton Apr 06, 2011 4:12pm
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Post# 18395419
RE: RE: RE: RE: maybe I'm just bored
RE: RE: RE: RE: maybe I'm just boredI wouldn't discount the potential of Wildcat Silver though. The placement they did with Silver Wheaton for a total amount of $13M isn't just peanuts. And Silver Wheaton of all, not the smallest fish in the pond.
And they have three news releases in a short time frame when Silver is making new highs.
Also :
Hermosa'sresource includes an indicated resource of 6 million tonnes grading 188grams per tonne silver for a total of 36 million ounces of silver inaddition to 46 million tonnes grading 57 grams per tonne silver for atotal of 85 million ounces of silver. Wildcatbelieves there is significant potential to considerably increase theexisting resource and is currently focusing its exploration efforts oncontinuing to expand the resource.
In2010, Wildcat updated Hermosa's Preliminary Economic Assessment whichcontinued to demostrate the project's robust economics. Hermosa is expected to produce an average of 6 million ounces of silver annually for the first six years of its 18 year life.
Let's take the 6 million ounces per year with a grain of salt will we but, potential is definitely there.
Basically what they got going for them at the moment is a steady stream of news at the right moment in time. But I agree, no sense in comparing Orko's performance to Wildcat's.
Cheers,
YeOld