Ann: Silvercorp and OreCorp - Joint Presentation August 2023, page-42

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ANTON707

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08/11/23

23:40

Post #: 70796942
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Originally posted by Furbag: ↑

Gw, the numbers do stack up.

Go it alone:
Dilution through equity raise
High debt repayment costs, starting from project kick off
No technical team in place
No project team in place
Delays in achieving gold mid 2025
Single asset, single country, single commodity
No 15c divi

Ride Silvercorps coat tails:
Divi straight up derisks your capital
Superior technical team in place
Well drilled project team in place - they have built plenty of processing plants
Multi asset, multi country, multi commodity
Profitable operations with no cap raise for 13 years
Dividend paying (that may stop/slow during this build)
SVM undervalued + ORR undervalued = 1+1=4
Little financing will be required with majority of costs covered from existing operations

Like the booklet says, its advantageous developing the project under the merged entity than doing it ourselves.

Your 80c is very short sighted and I'm suggesting if you are patient, you will see double that, if not more over the next 2~3 years. 80c tells me you just want more now, without the risk of development - which is fine, but don't hide behind the excuse we are better off going it alone or that management have sold it off too cheaply.

@ANTON707 and @DrDrill69 get on board, you'll like this one. The more you put on, the more you get back.

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it was on my radar screen but never had the time to study enough to make a move
ORR Price at posting: 46.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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