SilverCrest Mines Inc SVLC

We should be at $3.10 right now

[goldinontario]

We completed the bought deal on February 20th, at which point our share price was $2.82. Since that time we have had a hangover from institutions selling who bought the PP as well as the investment banker who had an over-allotment option. I thought it would have been cleared up by now, but I guess we will have to wait a little longer before the stock reaches its proper level as seen by this chart: https://finance.yahoo.com/echarts?s=GDXJ+Interactive#symbol=gdxj;range=20140219,20140305;compare=ssri+svl.to;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;.

This chart compares SVL to the Junior Gold Miner index as well as to SSRI another silver producer I follow. SSRI is up 13% since Feb 20th, and the GDXJ is up 7%. If you take an average and say SVL should have been up 10% it leads to a $3.10 price. I guess we will just be patient, but once we eat through this overhang, we should quickly fall back in line with comps.