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Silver Valley Metals Corp V.SILV

Alternate Symbol(s):  SVMFF

Silver Valley Metals Corp. is a Canadian exploration company. The Company is focused on the advancement of strategic and precious mineral properties. The Company owns a 100% interest in a lithium and potassium bearing salar complex comprising 4,056 hectares on three mineral concessions (the Mexico-Canada Project or Mexi-Can Project) located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The mineral concessions include La Salada, Santa Clara and Caliguey. Its La Salada concession is located approximately 80 km north-northwest of Zacatecas city, adjacent to the town of La Salada. Its Santa Clara concession is located 70 km northeast of Zacatecas city, 8 km north-northwest of the town of Illescas. Its Caliguey is located 60 km northeast of Zacatecas city, 10 km east of the town of Villa de Cos.


TSXV:SILV - Post by User

Bullboard Posts
Comment by MudCreekeron May 27, 2016 1:08pm
125 Views
Post# 24910854

RE:Any news of those 10 Mexican concessions and over $1.00.....

RE:Any news of those 10 Mexican concessions and over $1.00.....

The current owners of the Mexican concessions, who have drilled the properties in the past (and kept the results kind of close to the vest), have agreed to sell them to us for $210k, over a period of 5 years, back loaded.  That's one of the few actual facts that we know here - the current owners, who have more info about these properties than the people posting here, have put a value on them that is several orders of magnitude lower than the people posting here.

The properties near Fort Frances were obtained by staking.  The previous owners (who had done some drilling there too) thought they were so valuable that they let the claims lapse.   The historical estimate (another of the very few facts available to us) of 330k tons at 1.15% LiO2 is tiny.  For a comparison, look at Nemaska's deposit that is currently being brought into production in Quebec - 19.7 million tons at 1.49%.

The Stares boys are smart.  Maybe they know something about these properties that the previous owners in both cases don't.  Or maybe the previous owners knew what they had and were so inept that they couldn't properly develop these wonderful properties and finally gave up.

I've owned shares in this company since they were working the platimum group project by Marathon.  I continue to own it because these guys are smart and do a great job negotiating deals.   But if these properties are worth what some of the posters here seem to think they are (based on nothing more than the fact the price has run up), then the Stares boys have outdone themselves big time. 

One last comment.  One of the smart things the Stares boys have done in the past is the timing of private placements.  They seem to have a knack of keeping the bank account full by doing pp's at market peaks.  With a 700% run up in the share price over the last couple of weeks, I wouldn't be surprised to see them stocking the larder shortly.  

 

Bullboard Posts