Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by snoozlegroibon Sep 13, 2011 10:33pm
370 Views
Post# 19039489

Half-Baked Accusations

Half-Baked AccusationsIt's obvious how flimsy these allegations are, hastily thrown together with half-baked evidence.  For example, the thing about counting the number of trucks going to the mill and sampling rocks that fell off of them.  A good percentage of the ore that SVM mines is so rich that it doesn't need to go to the mill--it goes directly to the smelter, so their calculations of how many trucks they should see going to the mill are off.  So too their assessment of the grade of the rocks falling off the trucks.  Not only, as the geo a couple of posts ago pointed out, would you need much more thorough sampling to get a representative sample, but even then, you're only sampling the low-grade ore, because that's the only only ore that goes to the mill--the high grade goes directly to the smelter.  So you'd have have to know the relative percentages of each, get representative samples of each (not an easy thing to do), and then average them together correctly to arrive at a correct average grade.  But of course, the accusers didn't do that--they just threw together these half-baked "facts" and expected us to believe them.
Bullboard Posts