SVL 3.23% 15.0¢ silver mines limited

Silver seats going to be hard to find, page-60

  1. 940 Posts.
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    Yes, they had $3.4 M cash in hand at the end of the last quarterly but have since raised $8M via a placement and $6M via SPP. That is plenty of cash to keep them going for quite a while (probably a year) until they get to the stage of mine financing which would likely be early next year and then of course all bets are off the table for the mix of debt and CR they choose to follow to fund this but when you're building a mine you are about to enter into the producer club.
 
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