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Bullboard - Stock Discussion Forum 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... see more

TSXV:SBMI - Post Discussion

Silver Bullet Mines Corp > More Third Party Processing?
View:
Post by WarrantOfficer on Nov 02, 2023 6:41pm

More Third Party Processing?

Our Buckeye maxes out at 125 TPD. My concern is we get tangled up processing third party silver and gold, with little room for our own material.
Comment by Luckierjack2 on Nov 15, 2023 9:39am
Really?  That's your concern!!!!  So far they have contracts for 900 lbs on a capacity of 250,000 lbs (125 tons) per day.  Really, that's your concern?
Comment by WarrantOfficer on Nov 15, 2023 1:44pm
I do believe that is their second agreement for processing outsoucred material. I did speak to Peter today. The 900 lbs is being shipped in from Colorado, hence I do not consider this to be a viable solution for the resource owner.  Processing creates wear on the machinery. Replacement parts eventually required. More money made processing our own product. This is not my only concern. Lack of ...more  
Comment by Luckierjack2 on Nov 26, 2023 9:02am
How is more money made processing their own material as opposed to other material?  Material is material?
Comment by WarrantOfficer on Nov 28, 2023 9:02am
Do not know how serious you are with this question? In a nutshell  though, our own material we process is ours to sell, material processed for an outside entitiy only receives a processing fee. 
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