Last quarterly cashflow report at 31/3 revealed $2.9m in bank, average cash burn for previous 3 quarters of $450,000 per quarter. At that rate should be sufficient until Nov '09 when options are due: 19.6m @20cents equals $3.9m. But pending JORC soon they will move into next phase and mine development so maybe a greater cash burn.
JORC releases for juniors at moment don't seem to do much for share prices (eg CGT, GDR,..)so wonder what will happen to sp on release shortly of JORC.
All juniors down, silver price down,and SVL sp down. But it looks a great prospect to me and at these prices is very attractive.
This is only silver stock I hold, having bailed out of MMN, CXC, and MAR.
Last quarterly cashflow report at 31/3 revealed $2.9m in bank,...
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $233.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $292.4K | 1.886M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1746322 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 506441 | 11 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SVL (ASX) Chart |