NYSEAM:SVLC - Post by User
Comment by
pvandelooon May 27, 2015 5:21pm
202 Views
Post# 23771390
RE:Interesting article...thoughts?
RE:Interesting article...thoughts?I just emailed Fred Cooper (Investor relations) to get his take on the article. Here is his reply:
"I disagree with his view. We are spending many millions of dollars drilling to expand Santa Elena's resources as well as the new Ermitano property. We have released just the first few holes results at this new property. There are more to come as well as from other prospective areas of that large property. When we started commercial production in 2011 we had eight years of production expected. With our further exploration, as of January 2015 we still have eight years of production, after four years of mining. We believe there is still much more to come at Santa Elena as well as the new property and looking at just a current moment snapshot is not giving the full picture."