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Reyna Silver Corp V.RSLV

Alternate Symbol(s):  RSNVF

Reyna Silver Corp. is a Canada-based junior exploration and development company. It is focused on exploring district-scale silver deposits in Mexico and the United States. Its project includes Gryphon, Medicine Springs, Batopilas, Guigui, and others. The Company with Golden Gryphon USA Inc. jointly earn up to a 70% interest in the Gryphon Property is located in Eureka and Elko counties, Nevada. The Medicine Springs Project is located in the Ruby Mountain Valley, southeast of Elko, Nevada, with an area of approximately 4,831 hectares. The Batopilas Property is located in southwest Chihuahua, Mexico, covering over 1,183 hectares of land and 94% of the historic Batopilas Native Silver District. The Guigui Property is located in Chihuahua, Mexico with an area of 4,750 hectares and covers a major portion of the Santa Eulalia Mining District. Its El Durazno Project is located in the State of Sonora with almost 27,000 ha. of land area. Reyna Gold Corp. is a subsidiary of the Company.


TSXV:RSLV - Post by User

Comment by SilverFox75on Jul 12, 2021 6:25pm
193 Views
Post# 33533791

RE:RE:RE:Big Boy Pants

RE:RE:RE:Big Boy PantsI think I'll do the same. I'm balls deep in it so really really curious. The land parcel is fantastic, the team is top notch, but wish they'd hurry up. Perhaps I've got my rose coloured glasses on but Peter Megaw often speaks about not getting hung up on a single hit. He wants to find the outermost extent of a district scale system and doesn't care about one off intersects. He's right, having a hit then stepping out from it makes for good market releases but potentially not the best long term use of resources. I guess time will tell. Another thing that I've noticed with these junior silver companies is they actually don't make menaingful moves based on announcing drilling results no matter how much fanfare they attach to the release. I've studied a cohort of Reyna's piers and notice that their moves are highly correlated too each other and especially to the silver price. What appear to be decent intercepts to the average punter might cause a stock to bump up 15% and sink back down over the following fortnight. What makes them break with the group and move up meaningfully are corporate moves (e.g. spinoffs) and increasing resource tonnage. Let's wait and see but your mid November call is more than fair.
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