RE: RE: RE: RE: Does anyone know....... I was told yesterday it wouldn't be until next week, I assume early in the week. With the continual flow of positive news hitting the wires, solid support is being built beneath the share price of Silvercrest. With more drill results from La Joya coming in August and the remainder coming sometime around September, things will remain interesting. Throw in news events from Santa Elena and Cruz de Mayo and things could get quite exciting.
In response to an earlier post, Silvercrest shouldn’t be compared to other companies in the Jr. resource space that have good properties, permits, etc., but NO reasonable financing in place. Not only does Silvercrest have 35+ million tucked away for future growth, they are self-financed for daily operations by way of being a producer. In this environment, that is HUGE!!! That is the difference between making it and not, IMHO. There are many companies trading for pennies today that a year or two ago were trading north of $2. Even though they may have good properties and prospects, they are dyeing on the vine from lack of financing. And most of them quite frankly won’t make it. They will succumb to the brutality of the current market environment. I’m not going to get into a "bleep'n" match when it comes to the prospects of other companies, but I must say, being self financed in todays market is critical, it's an absolute must. Good management with excellent properties just isn’t enough anymore, not in today's turbulant market. It takes more, specifically access to capital, which is hard to come by for the vast majority of companies in this space.
BTW...I mispoke in an earlier post. I was under the impression that the most recent drill results from La Joya would be focused on the anticipated "sweet spot" of the deposit, which wasn't the case. Those results are still to come.
GLTA -Scott
On a side note, expert analysis from Nicholas Campbell…
Nicholas Campbell, Canaccord Genuity (7/18/12) "SilverCrest Mines Inc. reported 11 holes from the 80-hole phase 2 drill program at La Joya in Durango, Mexico. . .highlights included hole DD12-53, which intercepted 182m grading 36.3 g/t silver, 0.10 g/t gold and 0.21% copper (including 50m grading 96.4 g/t silver, 0.16 g/t Au and 0.55% Cu). . .seven of the holes were focused on the Coloradito target, intercepting significant silver-molybdenum-tungsten mineralization. . .drilling continues to expand the main mineralized trend to the south and north."