SilverCrest Mines Inc SVLC

Expert Analysis

[scott]

Jordan Roy-Byrne, The Daily Gold Premium (6/10/12) "SilverCrest Mines Inc. reported Q1/12 earnings of
.07 and cash flow of .14. . .furthermore, the company has $36M in cash. Great value in terms of everything (reserves, cash, earnings) and it will certainly benefit substantially from higher prices."

[eunice12]

scott   When do you expect next drill results or reserve news?

[eunice12]

From Canaccord  -  We are expecting an updated resources estimate based on this program in Q4/12.

[scott]

Hey eunice12, this is a belated response to your previous question about the timing of drill results.  It's is my understanding that we will likely get La Joya drill results early next week, possibly as early as Monday.  The announced results will respresent drilling from the South and West, the potential "sweet spot" of the deposit. GLTA  -Scott

[Skater]

We should also be seeing Q2 production numbers.  They have consistently released on or around the 11th day following each quarter so we are overdue... With the price so low I'd hate so see someone take a run at us now. Skater

[brit]

Thanks Scott!

[scott]

You are welcome Brit, hopefully it will actually pan out and we will get some results in the A.M.  I'm notorious for being early on my drill hole guestimates so don't flame me if I'm wrong, it wouldn't be the first time. I agree with Skater, before the week is out we should see some Q2 production numbers from Silvercrest.  Could be wrong but I'm anticipating a

[eunice12]

In this market Scott there will be no recovery of the sp until Elena ramps production next year, or perhaps they sell off La Hoya some year which won't happen anyway because if the company is sold it will all be done at once. No one cares about anything but massive changes.

[scott]

I respectfully disagree eunice12, I don’t share your pessimism at all.  I hold the view that SVL’s stock price will be much higher by the end of the year compared to its current $1.70 share price.  And it won’t take an acquisition or ramp up in production to make it happen.   IMHO Your pessi views are shared by many in the Jr. resource space, despair is rampant.  This to

[eunice12]

You can compare SVL market sentiment to RN's which has all the permits and $30M in cash waiting for the DFS any day now. They are hoping the banks will finance the whole thing so could start construction fairly quickly. Because they had acquired an old mine that was not shut down the old permits are still valid, which is unusual for a junior startup miner, and allows them to leapfrog years of

[brit]

Solid points Scott!.