bonanza grade silver, page-29

Just at a quick check of the charts it looks as though large amounts of shares have been offloaded on the recent highs. I would be very wary of buying now. Of the actual company I don't know much of it.

SVL's position is pretty clear, with a reduction in cost/oz and/or an increase in resources the SP will go up. Many sold out at the annoucnment of $18/oz with the preliminary model, and fair enough that is a very high cost. However their model was full of blank spots that have since been filled in.

I don't understand, as has been pointed out above, with such a limited model why they would report a cost/oz. I can only assume that they have reasonable data to suggest that will be close to the mark. Hence I only have a very small position more as a short term punt, if they do indeed reduce that cost down towards $10/oz and increase resource estimate then perhaps I will hold or add to my position.