BLACKROCK SILVER CORP - COMMODITY GURU BUYS SILVER Investor legend Jim Rogers recently answered in an interview the question of what he was currently investing in: "Silver." Rogers, who founded the legendary hedge fund Quantum Funds together with George in 1970, is referred to by many as a commodity guru, as he predicted a new commodity supercycle before the tech crash a good 20 years ago. But why silver in particular? Rogers cited several reasons for his favorite. Modern Monetary Theory (MMT) is based on the premise that governments no longer reduce their debts in the traditional way but through inflation. In the past, inflation and crises have always led to gold and silver rising as crisis currencies. Whether this argument will be weakened because of cryptocurrencies remains to be seen. Second, the much greater distance of the silver price from the all-time high than gold clearly speaks for silver. Third, Rogers pointed out that silver is also in demand as an industrial metal.
So if you trust Rogers' good nose and want to "leverage" the investment in silver, you should take a detailed look at the exploration company Blackrock Silver. The Company focuses on the exploration and development of projects in the "silver state" of Nevada. The most significant, historic silver discoveries in the US state included the Comstock Lode and Tonopah Silver District in western Nevada within the so-called Walker Lane Trend. Blackrock Silver's larger project, "Tonopah West," covers an extensive area west of the Tonopah Silver District. Blackrock's objective is to prove the western extension of the District and restore the Tonopah Silver District to a significant producing area. To this end, 40,000 meters are being drilled as part of the current drilling program. The goal is to be able to produce a resource estimate by the end of 2021.
In early April, the Company announced that it had entered into a land exchange agreement with Nevada Select Royalties and three other landowners. The agreement covers surface use rights of three patented mining concessions covering 14.3 hectares, which were a gap in the Tonopah West concession area and adjacent to the mining concessions where the Company is currently drilling. In exchange for the three patented concessions that allow Blackrock "surface rights" to a depth of 100 feet (30.48 meters) in the new areas, Nevada Select Royalties will receive the rights below 100 feet to approximately 5.5 hectares on the Blackrock properties. The deposit area is fully attributable to Blackrock. There is a lot of potential in the stock and the stock market value of around CAD 101 million is still modest.
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