Silver Bull Resources Inc T.SVB

Alternate Symbol(s): SVBL

Metals & Mining Silver

Silver Bull Resources, Inc. is a Canada-based exploration-stage company. The Company owns a number of property concessions in Mexico within a mining district known as the Sierra Mojada District, located in the west-central part of the state of Coahuila, Mexico, near the Coahuila-Chihuahua state border approximately 200 kilometers south of the Big Bend of the Rio Grande River. The Sierra Mojada Project site is situated to the south of the village of Esmeralda, on the northern side of a major escarpment that forms the northern margin of the Sierra Mojada range. The principal mining area extends for approximately five kilometers in an east-west direction along the base of the precipitous, 1,000-meter-high Sierra Mojada Range. The Sierra Mojada Project comprises over 20 concessions consisting of approximately 6,496 hectares (about 16,052 acres). The Sierra Mojada concessions contain a mineral system which can be separated into two distinct zones: a silver-rich zone and a zinc-rich zone.

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Silver Bull Resources Inc

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Comment by philip3on Feb 20, 2015 11:47am

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Post# 23448342

RE:coeur as suitor

A quick search didn't turn up a ton of any majors mining in the Mojada area though First Majestic is also mining in the state of Coahuila.

Of note, current shares/warrants/options outstanding (180 mil) give the company value of only $29 million CA or $23 million US. While I found lots on information on their website, I had a hard time finding a good financial concluding statement. But:
With silver at $16 an ounce, silver assets alone, the company has a NPV of $135M. (163 million ounces minus costs??) Throw in Zinc, amounts to be determined, one 'could' argue this company is worth $200M plus.

I 'think' this works out to about $1.25+ a share.

Thoughts?

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