SNX 0.00% 7.0¢ sierra nevada gold inc.

Ann: LiDAR survey further defines Endowment Mine drilling targets, page-40

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    In May they raised $2.6 mn at 5.6 cents (no free options), keeping the SOI really low. The money was specifically raise for the Blackhawk silver drilling, which is about to start next week or so, and silver prices have rallied considerably since May. Cranport supported and raise as did a few other instos. No question, this will start to attract interest and there is very little shares and a low EV ($5m). At the time of the raise the company said
    “Blackhawk has the potential to be a company-making discovery, hosting a large high-grade epithermal silver-dominated vein system”.

    strap in for the ride.

 
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