INSIDER BUYING
SilverCrest Mines Inc. (SVL) As of March 20th, 2008 Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price Mar 20/08 Mar 13/08 Sanders, George Walter Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $1.000 Mar 18/08 Mar 14/08 Poznanski, Bernard Control or Direction Common Shares 10 - Acquisition in the public market 10,000 $1.030
Mar 18/08 May 23/03 Poznanski, Bernard Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report Nov 20/07 Nov 13/07 Fier, Nathan Eric Direct Ownership Common Shares 10 - Acquisition in the public market 12,800 $1.180 Nov 20/07 Nov 12/07 Fier, Nathan Eric Direct Ownership Common Shares 10 - Acquisition in the public market 13,100 $1.120 Oct 25/07 Oct 18/07 Magnusson, Barney Direct Ownership Common Shares 10 - Acquisition in the public market 200 $1.050 Oct 25/07 Oct 18/07 Magnusson, Barney Direct Ownership Common Shares 10 - Acquisition in the public market 2,300 $0.990 Jun 01/07 May 23/07 Fier, Nathan Eric Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.890 Jun 01/07 May 23/07 Fier, Nathan Eric Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.870 Jun 01/07 May 23/07 Fier, Nathan Eric Direct Ownership Common Shares 10 - Acquisition in the public market 2,000 $0.860
silvercrestmines.com
Found this interesting:
35 million shares out and only at $1 dollar gives it a 35 million market cap.
87 million ounces of silver at $20 dollar silver = $1.7 billion in ground resources. I talked to the ceo and he said their costs are at about $6.50 - $7 an oz giving a profit of approx $14 dollars/oz
when i calculate that, I get $1.218 billion profit divide by 44.5 million shares FD
I get $27.35/ share... Im literally puzzled how cheap this is. Could this be the next Silver Standard |