World Class Silver Deposits (over 20 ozs/ton) ?
World Class Silver Deposits (over 20 ozs/ton) ?
I guess the drilling program on those high grade silver veins just outside the main deposit at Bilbao is gonna start pretty soon.
If they hit anything like Drill Hole X26 which returned 6 metres of 24 ounces per ton (847 g/t) silver or longer intersections of 10 – 20 ounces per ton silver, then we could see a monster move up in the stock.
If the drilling shows that these satellite deposits are open and have potential for expansion at depth, we could have a world class discovery.
Good thing that management, insiders, close shareholders own over 80% of the stock. The float on this baby is super thin. Any great news will send this stock over 50 cents in no time.
The exceptional high grade of the silver associated with these veins is what makes the upside potential on this drilling campaign and the stock unique. There aren't many silver deposits in the world that have drill intersections of over 20 ounces per ton silver. If a large tonnage of super high grade silver can be proven, a future mine would be incredibly profitable at the current silver price.
Looks like precious metals and silver stocks are getting ready for another big run soon. The timing on this drill program could be perfect.
Smart investors should be accumulating now. Then again, most investors are dumb. They buy once the stock has already gone up a few hundred percent.