Ann: Silver Mines Presentation March 2018, page-14

You might be right...but at what price...
I would much prefer a Take-Over or Partner as the 8th announcement.

We will just have to wait and see what they can do with the next $4 million...apart from pay salaries and drill more holes...it certainly won't take them to production.

The big question is where will they find $200 million??

I can't see a capital raising doing it unless they hit the jackpot and find substantial Gold/Copper and the whole value proposition changes...

At current share prices it won't be the Banks...

They need to find a major here to step in and take it through, it was interesting that they spent substantial monies ensuring they owned 100%.

They said in the announcement on the 29th December 2016:
The acquisition of the outstanding 15% interest in the Bowdens Silver resulted in the immediate expansion of the Company’s attributable resource base. The consolidation Silver Mines Limited ABN: 45 107 452 942 Page 2 simplifies and allows substantially greater flexibility around developing and financing the Bowdens Silver.

Greater flexibility around developing and financing...100% ownership provides a stronger position to negotiate with a new partner other than Kingsgate.