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Gold/Mining/Energy : Silver Bull Resources, Inc.
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From: Mustang GT6/26/2015 7:49:33 PM
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basserdan
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An Excessive Decline In Silver Bull Shares Creates A Buying Opportunity
SA...Jun. 23, 2015 8:11 AM ET (purloined from the Yahoo Message Board, I don't know the source)

Snippets...

Summary

Silver Bull shares are oversold and cheap after a recent announcement that the company would transfer its listing to the OTC exchange. The company has a solid balance sheet with no debt, and its significant reserves in zinc and silver could make it attractive to suitors as the mining industry consolidates. This stock also looks deeply undervalued based on the fact that mining giant Coeur d'Alene invested in this company at much higher prices.
In addition, the market appears to be overlooking the value of nearly 5 billion pounds of zinc which are indicated at the Sierra Mojada Project. Silver prices show signs of having bottomed out and could be poised to rise as industrial demand increases due to global growth.

This article states that Silver Bull's resource estimate for zinc now stands at nearly 5 billion pounds and that much of it would be accessible through (low cost) open-pit mining. Zinc currently trades at about $1 per pound so that represents the potential for about $5 billion in revenues over the life of the mine. Silver Bull also has about 91 million ounces in silver reserves which could represent revenues of about $1.5 billion, even based on today's depressed silver price. The article states:

"Silver Bull got hit by the turmoil in the precious metals markets, but the bull isn't dead yet. The recent resource estimate is a good first step to convert the Sierra Mojada silver project into a zinc project with a substantial silver production which will be applied as a by-product credit.

The next step for Silver Bull will be to complete a PEA on the zinc-focused scenario and as the project contains a very high-grade zinc zone, I would expect said PEA to be positive. I'm still keeping an eye on Silver Bull Resources, and it's quite unfortunate to see the recent decline in the share price as the new focus on zinc actually makes a lot of sense."
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