Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jackjc who wrote (23107)	10/19/2006 3:08:08 PM
From: TrueScouse	Read Replies (2) of 78419

Jack et al: Another junior silver to take a look at... Silvercrest (SVL,V). I just opened a new position. I made good money on it years ago as one of CC's recs, but now it's being tipped by the Coffins (Hard Rock Analyst) who I also have a lot of respect for. I got an email from the company yesterday with the extract below from the HRA Newsletter. Since this was sent out by SVL, I don't think there's a problem copying it here. The nice thing is that they're suggesting that the Au credits will enable them to produce Ag at zero net cost -- and that other similar juniors in Mexico have 4 or 5 times SVL's market cap. You might want to take a look, do your own DD, etc. Best regards, Howy ===================== HRA - Special Delivery #282 – 16 October 2006 Santa Elena Resource Double Expectations SilverCrest Mines (SVL-V; closing Friday up 2 cents on 38K to $0.66) announced this morning its resource estimate for Santa Elena in Mexico. In a nutshell, high average gold content means that the initial resource is double that anticipated at some 33 million oz silver equivalent on a 60/1 silver/gold basis, or more specifically 13.2 million oz of silver and 333,000 oz of gold. This in an Indicated Resource of 2.5 million tonnes @ 55.7 g/t silver & 2.16 g/t gold, and Inferred Resource of 3.51 million tonnes @ 73.3 g/tsilver & 1.42 g/t gold. The grades make this more of a gold project then a silver project, but that has the obvious advantage for the small heap leach concept of having a more comfortable assurance that most of the value is recoverable. The gold grade alone should carry the cost of production, with the silver being extracted for essentially zero cost net of the gold credit. This completely turns the company’s fortunes into the very green territory for building a profitable mid tier silver output. Bringing the Santa Elena project to small scale output should now be more or less simply a matter of pulling together the details and moving it forward. Though it is still a bit early to put a timing estimate on this, this one project should push the company into a silver output that is giving peers four to five times SVL’s current market cap. Metallurgical work on El Zapote in El Salvador is also expected soon. On the basis of this resource we are shifting SilverCrest to a Strong Buy outlook. silvercrestmines.com Regards for now – David Coffin and Eric Coffin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next