No buying intentions yet, cash situation needs to be resolved first. Major dilution could be on the horizon soon.
Don't get me wrong, silver is good, I like the metal. It's way undervalued. But explorers are a different ballgame. They get diluted until they have a mineable resource. Question is, what comes first, a mineable discovery, a revaluation of silver which makes the existing resource(s) mineable, or further dilution? My bet is on the dilution.
I had a look around for info on the fundamental shift that is said to be imminent, but I couldn't find anything beyond the usual stuff that's been reported for years now. While I agree with most of what is been said by Peter Schiff and other gold/silver bulls, I would be glad to be enlightened who or what says that the fundamental shift is imminent right now? Is there an article about this that I missed?
Cheers, GBB
Ann: Drill Results Extend Base Metal Mineralised Zone at Bowdens, page-28
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