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SilverCrest Metals Inc T.SIL

Alternate Symbol(s):  SILV

SilverCrest Metals Inc. is a Canadian precious metals producer. The Company’s principal focus is its Las Chispas Operation in Sonora, Mexico. The Company is also focused on expanding its resources and reserves, acquiring, discovering, and developing precious metals projects and operating multiple silver-gold mines in the Americas. The Las Chispas Operation is located approximately 180 kilometers northeast of Hermosillo, Sonora, Mexico. The property consists of 28 concessions totaling 1400.96 hectares. Its El Picacho Property is located approximately 85 road kilometers northeast of the Company’s Las Chispas Project and consists of 11 mining concessions totaling approximately 7,060 hectares.


TSX:SIL - Post by User

Bullboard Posts
Comment by tigris72pooon Aug 14, 2020 6:05pm
232 Views
Post# 31410931

RE:The King of Grade !

RE:The King of Grade !Ok.  Now I get why the stock didin't go up on those spectacular drilling results.  In my excitement over a kilo AuEq /ton ore, I confused my grams with ounces and posted that ore that rich is worth $2 million /ton.  While nobody called me on it, I am sure people like Eric Sprott who have sharper pencils figured out that a kilo of gold contains 1,000 grams - not 1,000 oz and is therefore ONLY worth $63,000 /ton.  No wonder people are selling....

Except for Eric Sprrott of course who stressed how profitable that high grade ore is going to be (even if you don't believe that silver is going to $100) and how much it will help earnings and payback if it gets sequenced at the beginning of the mine life.  I apologize for the error of my ways.
I still think anybody who bought this week will be rewarded.  But just a reminder that what we read in these boards is often hastily written and poorly researched even if it is not meant to deceive.
Mea Culpa!
Bullboard Posts