SilverCrest Mines Inc SVLC

RE: Physical Silver & Barrick Gold.........

[HonestAbe]

This article is misleading disinformation and blatant sensational journalism in order to promote interest in silver.  The author either purposely did not do any serious DD, which I find unlikely due to how deep he is digging to come up with some of these claims, or is intentionally not including material info that nullifies his overall thesis.

 

First, over 95% of the deposit does not lie under a glacier and the reality is it is only a very small percentage.  Second, the silver streaming deal has specific clauses that the author somehow did not even look up which one could easily see in a 2 minute Google search and no one in their right mind would even come up with the conclusion that Barrick has to cover any shortfalls via purchasing silver in the paper futures market.  Essentially, the deal kicks in after 2013 and if Pascua Lama not in production then they have to sell the silver from their three operating mines to cover shortfalls until 2015.  If the mine is not running or not running by minimum 70% of design capacity by end of 2015 then Silver Wheaton can nullify the deal and request repayment of their original funds advanced to Barrick, which is what they surely would do if this mine somehow got rejected in any permitting issues (if any).