The silver quantity in my opinion has been very solid across the board; thus I did a calc. on a prospective area of a 200m x 200m footprint as at 150m depth - conservative, maybe?
Anyhow based on an ounce as at $22.35, and an average grade of 14 grams of Silver per T I have reached the conclusion that IF it were sold without an insitu valuation yet as a produced commodity we are looking at 28c per SBR share alone.
Ok, so then let's take an insitu and base it at company standard for Silver - commonly 15% due to easy floatation extraction - SBR arrive at 4.2c per share.
BUT let's remember two important factors; (a) this is just for the Silver credits (no Cu) and (b) this is based on a theoretical half of the area that SBR believe to be the footprint (at this stage).
Anyhow food for thought and to keep the ticker thinking - again can not wait to see what hole 25 has for us long term faithful !!
NL
SBR Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
