Lundin says hold SilverCrest Finally some positive movement over the last few trading days, like most of you Iim hoping the worse is over.
Brien Lundin, in the May, 2013, edition of the Gold Newsletter, says hold SilverCrest Mines Inc., recently $2.09. Mr. Lundin said buy in July, 2012, at $1.64 and again in April, 2013, at $2.55. Assuming an investment of $1,000 for each buy, the $2,000 position is now worth $2,092. Since last year, SilverCrest has drilled 48,000 metres underground at its Santa Elena mine in Sonora, Mexico. It aims to increase the mine's resources and reserves, and then release a prefeasibility study for a mine expansion program. Recent assays include 0.6 metre of 5.2 grams per tonne gold and 1,840 grams per tonne silver, within 21.6 metres of 1.46 g/t gold and 169.1 g/t silver. So far, the company has outlined the Santa Elena mineralization over a strike length of 1,200 metres and a depth of 600 metres. It has also identified two new subparallel zones, El Cholugo and El Cholugo Dos. Currently El Cholugo is 400 metres long and 150 metres high, with widths ranging from 1.7 to 17.1 metres. Mr. Lundin says if market conditions were better, then he would advise buying the stock before the company releases a resource and reserve update. For now, it is prudent to wait and review the update first. Hold SilverCrest.
Has anyone heard of an exact date we can expect this update?