NYSEAM:SVLC - Post by User
Post by
shermandrockon Aug 16, 2013 2:47pm
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Post# 21677000
Hey Studio10: look at the lagging SP as an opportunity to acquire more.
Hey Studio10: look at the lagging SP as an opportunity to acquire more.The only thing that should matter when considering whether to purchase, or purchase more, is your opinion as to the reasonableness of the SP.
IMO, the SP does not reflect ANY value for LaJoya.
The PEA for the LaJoya project containing that area >60g per ton is reported to be released in Q3.
My reasons to like SVL for remainder of 2013:
- strip ratio 2.21 for Q3 & Q4 (lower costs)
- guidance for Au maintained at 33K ozs for H2 (implies 9.5K ozs Au per Q)
- assertion that Au production retarded by mechanical issue in May & June. Au production should have high correlation with Ag production. Ag production up 26% in Q2. How about a little catch up in Q3 & 4.
- management notoriously sandbaggers (conservative)
- drill results will demonstrate that additional mineralization exists in and about Santa Elena
- satelliet deposits just acquired (25km away. historical producer at 2kgT.
Yep, if others cannot see the value, that is not your fault.
Eventually, others will look for the stronger Juniors and will gravitate to SVL.
IMO, buy, buy, buy while it is on sale.