SilverCrest Mines Inc SVLC

Interesting article...thoughts?

[ch08532]

https://seekingalpha.com/article/3206126-silvercrest-mines-i-dont-see-much-value

[silvercreastman]

If they find more ore everything will be fine. If the find a lot more, it will be great. If they do not find anymore, then not so good. Scott said that the area reminded him of Nevada 70 years ago. He also said it was a district not a small mine. There are other mines in the area. The up side could be good. I bought more today so you know where my heart is.

[sb342]

I think it is pretty spot on. UG operations tend to continually add resources over time and replace reseves so I'm ok with the show me approach. Also, UG vs OP exploration is still in early days. I think you have to pay a bit of a premium (or less of a discount) given the track record of the company.

[pvandeloo]

I am willing to pay a premimium because I believe management has done an excellent job. I am convinced they will find enough resources to grow. Either through acquisition or drilling. 

[pvandeloo]

I just emailed Fred Cooper (Investor relations) to get his take on the article. Here is his reply: "I disagree with his view. We are spending many millions of dollars drilling to expand Santa Elena's resources as well as the new Ermitano property. We have released just the first few holes results at this new property. There are more to come as well as from other prospective areas of