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Silver Bullet Mines Corp V.SBMI

Alternate Symbol(s):  SBMCF

Silver Bullet Mines Corp. is a mineral exploration company. The Company’s primary focus is the development of the Buckeye Silver Mine located in Arizona, United States and the maintenance of its gravity fed processing mill also located in Arizona, United States. A secondary focus is the development of the Washington Mine located in Idaho, United States. In addition, the Company owns mineral properties in Arizona and Nevada, United States and former producing mines in Arizona. The claims which include the Buckeye Silver mines are comprised of three non-contiguous patent mining claims, totaling 47.89 acres, leased in one agreement to the Company. These patents are the Buckeye of 15.49 acres, the Newton of 16.69 acres, and the Red Robin of 15.71 acres. The Washington Mine property, located in Boise County, Idaho, United States, consists of 118.88 acres of patented land. Its mineral properties include Black Diamond Property, Nevada Property, New Arizona Property, and Mill Property.


TSXV:SBMI - Post by User

Comment by WarrantOfficeron Feb 28, 2024 9:22am
166 Views
Post# 35903439

RE:Price drop

RE:Price dropLenard: They do have a fully paid production facility and no debt, that is great. Going forward from that, they have encountered hurtle after hurlte. The heat wave they could not control. On 4 May 2023 they rcvd $225K USD from a purchaser as a cash advance for 500 Kg silver monthly. That is the last we have heard about it. There has been zero production updates. Plenty of hype, but no dore bars. It took them months to figure out what to do with the elevated PGE assays. It's hurtle after hurtle. They are certainly not there to fail at this, but my gut check feeling is mismanagement. Peter Clausi stated on video that the Zone 1 vein is 2 miles long and they will be mining it for years to come. Will see what the next couple of quarters bring.
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