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Gold/Mining/Energy : Silver Bull Resources, Inc.
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To: que seria who wrote (13)9/19/2006 3:49:22 PM
From: Mr. Aloha   of 5637
 
Ok. You're wrong :).

They won't need to raise any more money to complete the feasibility study. They need $3.3 million to complete it, but have $8.4 million in cash, so no more dilution for the full feasibility report will be necessary.

If they do raise money before completion of the feasibility study, it will be to aggressively drill out the other areas to define those resources. If they can prove out billions more in zinc and silver before completing the fease, it would be much harder for someone to buy them out very cheaply, as the cost per resource will look even more absurd than it does now. I don't think they would raise money again until the stock is listed and at a much higher price. In the meantime, they have plenty of cash for the feasibility study and the drilling they're doing now with 3 drills.
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