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15.0¢ silver mines limited

"We still have to fund the capital works of around $250M. Will...

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Dentie

3,321 Posts.

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24/12/22

05:19

Post #: 65438055
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Originally posted by AlbertE: ↑

It really does come down to the price of silver in Aussie dollars.

We still have to fund the capital works of around $250M. Will this be part equity part finance.

I would like the shares to be higher if we are to use equity. Say at 40c we raise $180 with equity and the balance is financed (depends on terms). This will get our SOI to around 1600 million.

To reach $10 we will have a market cap of $16billion and need to be making $1,600M in profit. Using a P/e of 10 Which means we would need to increase production from 6million oz per year of to say 10m and we would need silver price to be over $112/oz US.

I just don’t see it. Not unless production increases and the price of silver explodes. I mean is $112/oz highly unlikely??

Where as I do see us getting to $1-$1.50. If things go well.

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"We still have to fund the capital works of around $250M. Will this be part equity part finance."

Well, when they're ready to start building, I would be happy to lend them AUD$100k - on the condition they repay me in Au.

SVL Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $226.2M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.0¢	$297.4K	1.939M

Buyers (Bids)

No.	Vol.	Price($)
42	1933304	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	201104	4

View Market Depth

No.	Vol.	Price($)
42	1933304	0.150
20	1183641	0.145
28	1108073	0.140
23	950973	0.135
16	415479	0.130

Price($)	Vol.	No.
0.155	201104	4
0.160	742624	9
0.165	805914	15
0.170	611993	10
0.175	1330379	10

Last trade - 16.10pm 02/07/2024 (20 minute delay)

SVL (ASX) Chart