bonanza grade silver, page-19

December resource upgrade is imminent.
Cheap prices now - this should be in the high 20s.

Wait till next week and it will be too late.
Silver had a good run overnight.


Main points from AGM :

1. Webbs is currently the highest grade undeveloped silver
project in Australia
2. Share price 52 week high – $0.40: 52 week low - $0.175 this is where we are at now with a SUBSTANTIAL resource upgrade due in early December 2011 - this is anytime now.
3. Top 20 shareholders have 30%
4. SVL share price closely linked to silver price
5. Solid share liquidity with 2011 average daily trade of circa 500 000 shares at
an average price of $0.30
6. Flagship project is the Webbs Silver Project in northeast NSW
http://forums.silverstackers.com/topic-1295-silver-mines-ltd-svl-page-3.html
7. Current Webbs resource is 1.2Mt at 256 g/t Ag for 10.2M Oz
8. Cash reserves and projected cash from option exercise
sufficient for 2012 budget
9. Strong local and international shareholder base
10. Experienced, competent and dedicated Board and technical
team driving projects
11. EL5674 (100% SVL) - High grade resource present with excellent scope to grow

This stock should be in high 20s