Writer, great questions indeed. I have left my opinions...

Writer,
great questions indeed. I have left my opinions below..

1] Management's intention would be to upgrade their resources to the measured and indicated categories of JORC compliance. This entails that they conduct further drilling and sampling to further understand the characterisation of the mineralisation on the WEBB silver project. In relation to a possible open-pit or underground operation, a number of factors will sway their decision making process. They will need to look at cut-off, slope pit angle, geo-characteristics of the tenement etc..at the moment, its all about proving up their resources and building confidence in the figures.

2] There is a lot of possible upside for SVL with higher silver spot prices. A rising tide will life all ships and being a pure silver play, SVL will move up regardless.

3] In my opinion, SVL is at fair value. This is taking into account an "inferred" resource of 10.2 million ounces...if they build a bit more confidence in those estimates, it should move higher. There is no doubt in my mind that they have economic mineralisations [considering the high grades discovered] but what shareholders will need to see is consistency in the mineralisations and new vein discoveries to confirm that this is a viable operation.

In my opinion, management are doing really well with such a low share issue and an ongoing drilling campaign. Do not expect production anytime soon...take note that only 5% of juniors ever get into production..the rest get bought over and lie in the dust.

At 8 cps, SVL was undervalued. At the current prices, they are fairly valued. If we have a surge in silver spots, they will move higher. If they have a resource upgrade or have more discoveries, they should move higher.