| | | Fwiw... From the Silver Bull board at Stockhouse...
There is potential for this to be another Arizona Mining
by Realty
November 03, 2018 - 07:52 PM
There is potential for this company to be another Arizona Mining (WLVDF). If they hit significant intervals deep this will be. Arizona Mining's market cap hit 1.94 billion. If Silver Bull finds what Arizona Mining did, the share price would go to 30% of 1.94 billion, which is a 582 million market cap. That equates to roughly $2 per share. Realty
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RE:There is potential for this to be another Arizona Mining
by LondonInvest
November 04, 2018 - 02:02 AM
This has been my working thesis as well regarding similarities between Arizona Mining and Silver Bull Resources. I spoke with Tim a while back and I know he would meet periodically with management of Arizona Mining as the geology of the two projects was very similar. They were helpful in how to proceed with exploring resource and it is not surprising that South32, who bought Arizona Mining, is interested in Silver Bull Resources for that reason. It is not a coincidence, but further establishes the potential for this company.
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RE:RE:There is potential for this to be another Arizona Mining
by Heywood_Silvers
November 04, 2018 - 04:32 PM
If the Sierra Mojada project is indeed similar to the Hermosa/Taylor project we can run some rough back of the envelope calculations:
AZ Mining had a project (based upon silver resources used as a proxy) 4 times the size. AZ was bought out at $4.65 a share, which if you divide by 4 is about $1.17 a share. If you take $1.17 a share @ 30% ownership that yields about 35 cents a share.
I look at 35 cents a share as the minimum intrinsic value of SVBL. This is a 4 bagger from current levels - not a slam dunk, but not too shabby either. The key in getting this puppy back towards the $1 a share many of us were anticipating when first buying is how large they can grow the resource base. If the resource base can be tripled, then $1 a share shouldn't be a problem.
My take on the South 32 investment is that on one hand this project is more or less de-risked at this point, but on the other hand we could be capped at less than a 10 bagger instead of a 10+ bagger.
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Dan  |
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