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Gold/Mining/Energy : Silver Bull Resources, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Frankly Speaking who wrote (5271)4/18/2016 5:39:31 PM
From: marcos  Respond to of 5637
 
So many wonderful buy opps eh ... Aloha is around, does mortgages out of a place on N Nimitz Hwy, according to duckduckgo ... JH too, how about that, haven't thought of him in years, looks like he stopped putting anything out, then started up again this february -

silverstockreport.com

Neither of them were entirely wrong back then, imho ... just had real bad timing, is all ... well there was maybe a certain lack of critical thinking as to Merlin's overall approach, he was such a likeable straight-up guy, very careful with cash in hand, got drilling and all done at absolutely bottom dollar, but there wasn't maybe quite the consideration as to what order drill programmes should be done to appeal to likely acquirors

The real kicker though, was when Anglo decided to get out of base metals and sell Skorpion ... Merlin had a coffee table type book with the full illustrated story of Skorpion's exploration, development, and early production all laid out beautifully, i think he likely had a direct line to somebody in middle management at Anglo, and they likely had a quite logical scheme cooked up between them, that became redundant when that somebody did, got retired or replaced or removed ... just guessing here of course ... but the thing was that Sierra Mojada has the same oxide zinc and better numbers on several metrics than did Skorpion, on which Anglo made great profits, plus you had the silver for virtually free

It'll take both metals for this project to really pick up value, imho, don't care what anybody says, it's not an either-or proposition ... it's not tricky metallurgy though, everything about infrastructure and location is outstanding, you shouldn't need to do much more than break even on one metal when the other is in fashion, to get a very attractive IRR