SVL 3.45% 14.0¢ silver mines limited

Ann: Response to ASX query, page-4

  1. 996 Posts.
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    Totally agree expenditure is too way high and too much being spent on drilling (I think mainly to justify their jobs). Cash burn needs to be scaled back immediately. What they need to do is work on the resource they have got, get the feasibility through pronto. The fact this hasn't been done yet indicates there could be some conjecture regarding the economics at current silver prices. They will need to raise money this 1/4 and the way it is looking next raising could be around .065.
 
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