NYSEAM:SVLC - Post by User
Post by
dieter216on Apr 15, 2012 6:31pm
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Post# 19796876
next up and comming producer...
next up and comming producer... After a 5x gain on Silvercrest and selling half my position I looked for a new horse to bet on,another story similar to Silvercrest and found Oroco V.OCO. They have contracted Sonoran Resources to build the mine. After the great job Sonoran did for Silvercrest bringing the mine in under budget and ahead of schedule, I liked the combination. Also with Oroco's future mine being in Sonora State, like Silvercrest, they will be very familiar with the demands/challenges of mine construction there.
A key piece of the plan was announced this past Friday with the securing of a $18.5mill gold loan.
Please do your own DD and if anyone has any questions feel free to message me, I've done extensive DD on the company and would be pleased to share.
On the balance of my Silvercrest position, I'll hold out for as long as it takes for La Joya to be drilled up to a 200 mill + oz resource and someone like First Majestic will take us out at $8.00 +.
GLTA - Dieter