SVL silver mines limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-25

  1. 1,195 Posts.
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    Interestingly the Lue Action Group lodge a complaint to ASIC that SVL isn't being transparent in stating that the mine is for silver, lead and zinc as they have out best interests at heart, yet here they are yet again posting utter misinformation. It is only the silver that makes the mine economic - the lead and zinc are just by-products you get 'for free' when you dig up the silver and will generate very little income compared to the main show which is silver. That's why it is called a silver mine. May as well call it a rock mine as that will be the biggest by weight substance dug up if that's their logic. And it is why silver is priced in ounces while lead is priced in tonnes.

    https://hotcopper.com.au/data/attachments/6371/6371191-490e654be37921dfcfe9b7d1c57da516.jpg
    Last edited by Fernit: 09/08/24
 
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