NYSEAM:SVLC - Post by User
Comment by
inseon Apr 10, 2015 2:13am
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Post# 23615515
RE:1.29
RE:1.29The previous 52 Week Intraday Low of $1.31 for SVL was set on December 23rd, 2014...near the end of tax loss selling season. The closing price was $1.40 (+0.01).
The closing price for silver on that day was $15.78USD (+0.10).
The new 52 Week Intraday Low of $1.29 for SVL was set today, April 9th, 2015. The closing price was $1.33 (-0.02).
The closing price for silver today was $16.17USD (-0.37).
SilverCrest Mines has recently put out favorable news releases that the market is not recognizing as extremely positive for the Company. The transition from heap leach to underground mining has been met with some hiccups, but this was to be expected. Operational challenges have been addressed.
The size and scale of Santa Elena as well as the mine life continues to grow. Again, 2015 should be a very good year operationally for the Company. And I remain excited and encouraged with the exploration upside potential of their properties.
La Joya and Ermitano are not even factored into current SP.
SilverCrest Mines has a solid $31.25 million cash balance and access to $15 million credit line.
I strongly believe the current SP of $1.33 not only a good buy/value, it is dirt cheap. I don't know any other company in the Junior Mining space that has what SilverCrest Mines offers:
1) Proven and experienced management team with skin in the game
2) Money making operational mine that continues to grow
3) Exploration upside potential
4) La Joya and Ermitano Projects
5) Strong financial position
6) Potential takeover candidate
NOW IF ONLY THE SHARE PRICE WOULD START TO MOVE ACCORDINGLY, TO THE UPSIDE!