SilverCrest Metals Inc T.SIL

SilverCrest Intersects 3,297 G/T Silver Equivalent Over 7.3

[AwareInvestor]

SilverCrest Metals this morning reported drill results from its initial drill program at the El Picacho Property in Sonora, Mexico. Highlights from the program include 7.25 metres of 40.49 g/t gold and 260.4 g/t silver, or 3,297 g/t silver equivalent in hole PI-20-006.

https://thedeepdive.ca/silvercrest-intersects-3297-g-t-silver-equivalent-over-7-3-metres-at-el-picacho/

[tigris72poo]

Boohoo !  What are we going to do with all that gold?  

[RevT79]

Great news..... hopefully we get a good silver day tommorow to move us back in the 12$

[wideopenthrottl]

This post has been removed in accordance with Community Policy

[porc2019]

How do you judge these results? Good or bad? Market seems to not be impressed, as SIL was up less than other silver miners yesterday and down more today.  CEO said more resources to the project "contingent upon success". Not a ringing endorsement. Maybe I am missing something?

[RevT79]

It's amzazing results! It's just people playing games with silvercrest stocks! nothing make sense these days with the algo trading machine and all the shorting happening! look at Kirkland lake per example... they are trading at 43$ And made a 1.2 billions profit last year. people are only focusing on the present price of gold other than looking at the balance sheet and the big picture

[RevT79]

This is just the start of the drilling program on el picacho!! if they have the same resources their than las Chipas silvercrest will become one of the best miner in the world!

[wideopenthrottl]

This post has been removed in accordance with Community Policy

[RevT79]

Keep in mind here that the 150m$ pp was at a price of 12$ a share! whoever that spent that kinda money defenetly sees the bottom price of this project at this price and upward!

[porc2019]

I am still not clear on whether the RESULTS YESTERDAY were good or bad or something in between? Yes I know mgmt is great. I have been in since IPO. I am just unsure about how to interpret results. 

[RevT79]

These are stunning result! is just the market not making sense rigth now! gold amd silver are supposed to go opposite of the Dow but now are going down or up together which makes no sense at all! all the casino are close and the gamblers are full on playing day traders game trying to make pennies! silvercrest is a solid investment long term! if you have weak hands you migth as well go play

[tigris72poo]

The best intercepts from initial drilling include; Hole PI-20-006 at 7.25 metres of estimated true width ("ETW") grading 40.49 grams per tonne ("gpt") gold ("Au") and 260.4 gpt silver ("Ag"), or 3,297 gpt silver equivalent ("AgEq", 75:1 Au:Ag ratio), and Hole PI-20-001 at 16.4 metres of ETW grading 8.50 gpt Au and 51.3 gpt Ag, or