Silver Bull Resources Inc. (TSX: T.SVB, OTCQB:SVBL,Forum).
Recent Price $0.21 Entry Price $0.12 Opinion – strong buy
Yesterday SVB released more spectacular drill results, but in this crappy market, the stock barely flinched. • Hole T17023: 10 meters @ 347g/t silver, 20.7% zinc, 1.25% copper, and 1.35% lead. • Hole T17024: 3 meters @ 303g/t silver, 20.1% zinc, 1.53% copper, and 1.18% lead. • Hole T17025: 1 meters @ 127g/t silver, 21.1% zinc, 0.29% copper, and 3.14% lead.
SVB has identified two distinct zones of high grade sulphide mineralization that are 4 to 5 meters in width and trend in a roughly E-W direction. On the map next page, note hole T17025 to the right or east and T17023 and 024 to the left or west.
These holes have extended the zone about 150 metres along strike, so both zones have now been extended to over 150 meters each along strike.
Eventually they will have to drill from surface to define the final extent of these zones, but most likely they extend thousands of metres to match the extent of the oxide zones around them. This is going to be a big discovery and very high grade, Eventually the market will figure this out or some major mining company will. Either way the stock is headed a lot higher, just a matter of when. For now this is a very good buying opportunity.
FULL DISCLOSURE: Silver Bull Resources Inc. is a paid client of Stockhouse Publishing.
Actually the stock has been fairing pretty decent. We have seen 3 steps to higher highs with a correction or consolidation after each one. I expect we would have witnessed the 4th step higher by now if market conditions were not as soft as they are. We simply did not get the buying volume in that we seen on past news. And this was probably one of the best releases because it extended zones significantly. Anyway, buyers can take advantage. (c) Copyright 2018, Struther's Resource Stock Report All forecasts and recommendations are based on opinion.
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