RE: RE: Stock price I did some researching this morning, and will note some items here, many already mentioned. In a way I guess there is a positive side to getting Conservative Estimates, and we should know that SilverCrest has always come in on or ahead of schedule, and on or under budget.
But when it comes to applying a $Price to what you're Mining, it can easily be missed by anyone DD'ing SVL, SVLC...only someone doing a really Deep DD would know.
Its also important to understand that a Cut-Off Grade is based on the Price of what you're Mining. The Higher the Price the Lower Cut-Off Grade can be used...a Lower Cut-Off CGrade Raises the amount of P&P Reserves....with that in mind, here is what SilverCrest used, and this is currect, 2012 PRs, and the likely reason to see and know that the Estimates seen on Yahoo are far below what will actually be made, Earned by SilverCrest. ( they should Earn about $0.70 in 2013 using current prices of Au & Ag )
https://www.silvercrestmines.com/news/2012/index.php?&content_id=82
SilverCrest Updates Corporate ResourcesSilver Equivalent Inferred Resources Increase 424%
VANCOUVER, B.C. January 23, 2012 -
SilverCrest Mines Inc. (the “Company” or “SilverCrest”) is pleased to provide an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico
(see table below).
The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces.
The Company’s combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1)declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.
[[[ That's about HALF the Price of Silver and its Silver Equiv that SilverCrest uses....Gold at $1,000 ??? Silver @ $18.....no wonder the PE is under 10 ]]]
The recent report on La Hoya used a bit higher amount for Gold & Silver, moving to about 65% of the actual price, but they aren't counting a bunch of Metals, and they Underlined TUNGSTEN in all holes, a very large Zone that they will report on in a few months. So I looked at Tungsten, and was surprised at what I found.
La Joya Resource Summary
**** Based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold,US$3/lb copper. 100% metallurgical recovery is assumed. Silver equivalency for La Joya includes silver, gold and copper and
excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1.
The Company plans an additional 6 core holes on the Santa Elena underground deposit beginning in Q1 2012. This drilling will further assist in delineating the existing underground resources and potentially expand the resources. The decline ramp to explore and develop the resources below the current open pit has been commenced and advancement is expected to continue throughout 2012.
SilverCrest Reports Coloradito Target Results at La Joya Property; Potential Large Bulk Tonnage Mo-W-Ag-Au Target
VANCOUVER, BC - February 16, 2012 - SilverCrest Mines Inc. (the “Company”) is pleased to announce that it continues to validate the results of 56 historic core holes drilled on its La Joya Property between 1979 and 2003 by previous operators. The historic holes included 37 holes on the Main Mineralized Trend, 6 holes on the adjacent Coloradito target and 4 and 1 on each of the Santo Nino and Esperanza targets respectively, and 8 holes outside of target areas.
The Coloradito area shows potential for a large bulk tonnage Molybdenum (Mo), Tungsten (W),
near surface potentially large bulk tonnage Mo-W-Ag-Au mineralization
( but we aren't counting Any of it, though this could easily, at least, result in a Cost of Production of ZERO )
Why Warren Buffett is Loading Up on Tungsten
By Don Miller
June 12, 2012
Tungsten – element number 74 on the periodic table -- is a super-hard metal used in everything from armor-piercing tank shells to wedding rings.
And the world is running out of it – fast.
That spells opportunity for savvy investors like Warren Buffett.
And it explains why IMC International Metalworking, part of Buffett's Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) empire, recently invested $80 million in a tungsten mining projec
https://features.blogs.fortune.cnn.com/2012/04/03/tungsten-berkshire-imc/
Is Tungsten the next hot rock?
April 3, 2012:
With demand for the metal on the rise, are investors like Berkshire Hathaway starting a "tungsten rush?"