NYSEAM:SVLC - Post by User
Post by
Capharnaumon Oct 20, 2011 5:49pm
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Post# 19168340
Great drilling results at La Joya!
Great drilling results at La Joya!If what they found pans out as they think it will, then La Joya will be an even more profitable property than Santa Elena. According to the last Cannacord report, they believe that La Joya holds 40 million silver ounces equivalent with potential for more. That's $1.2B in the ground. I believe the PF will be just as good as the one for the extension at Santa Elena.
Since Santa Elena by itself is worth more than the current share price and that La Joya will likely be better than Santa Elena, Silvercrest is really cheap at this moment. I think in two years this could be a $5+ stock with the ressource and PF for La Joya out, as well as enough cash to build the mine from Santa Elena cashflow.