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Silver Bull Resources Inc T.SVB

Alternate Symbol(s):  SVBL

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.


TSX:SVB - Post by User

Bullboard Posts
Comment by iliketomoveiton Jul 03, 2017 3:57pm
103 Views
Post# 26429958

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I now have 250,000

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I now have 250,000their g&a for last quarter was $400,000. That's $1,600,000 a year and that's US. they're raising money now at 8 cents canadian. What's that in US?Say 6 cents. If they have to raise 1,600,000 m usd a year by issuing 6 cent stock that's26,666,667shares issued. If it takes 3 years before silver is over $30 then there's been close to another 80,000,000 shares issued just standing still. How much less of the project do you own then than you do right now with all that stock out? And if you are a realist you can't forget all of the warrants too. Man, I've seen this played out now for a few cycles and lots of companies. The reason this is possibly too low grade in the long run for a good optionality play is you're going to have to wait to silver is $35 or 40 before anyone looks at this likily. No majors going to buy this when silver could quickly fall back down.  You will need much higher prices to stay for a while before any serious offer is made. What happens is silver treads water here for the next 5 years? THat's why they pretty much have to drill this if they are going to get any upside for share holders. That's my opinion. That's why I bought last drill program . They are drilling old workgins so that could lead to some good results. But if they are only raising 1,700,000 canadian now that's maybe 1,300,000 usd. I wonder how much drillng they will do cause that doesn't look like enough money to drill + keep the lights on for a year. Thoughts? What am i not seeing here? Why is drilling a bad idea? It looks like the best idea. 
Bullboard Posts