So SVL dirt worth 3 times as much as SS1 dirt?? Well yes, and to...

So SVL dirt worth 3 times as much as SS1 dirt??

Well yes, and to be honest probably much more (because unlike SS1's project, SVL's may actually happen). Not trying to ramp SVL (although I do own it), but I am much more positive about another silver stock I own.

The problem with your analysis Phill (though I do respect your dedication), is that you are relying too much on a simplistic arithmetic valuation model. To get a realistic valuation you should maybe perhaps also incorporate some kind of probabilistic outcome scenarios into your models. ie what are the chances of these projects actually getting up??

Unfortunately for this one I see that as pretty slim (being generous). Funnily enough I only started looking at this today but now I see why they were able to pick this project up for next to nothing....