SVY has barely scratched the exploration potential (less than 5%??) of prospects identified within its 100% owned (1000 sq kms) holding within the Stavely Volcanic belt. Geo's have identified mineralization within this belt as a Magma / Butte copper lode style system found in Montana. Upside potential is illustrated by the Mount Con Mine (amalgamation of 4 mines) that operated from 1886 to 1974 in Butte Montana, Known as the richest hill on earth. Produced over 22 billion pounds copper, 720M ounces of silver and a mixture of other metals with a value exceeding A$9 billion, and was a major production center for the electrification of the USA and supplier of metals for WWI and WWII. Production stopped at a depth of 5,300 feet / 1615 meters.
Am not saying that SVY has the next Mount Con Mine, am simply illustrating the fact that Stavely is very highly prospective. Current EV is $11.4M after deducting $2.6M in cash and equity holding.
SVY Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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