agreed mm.
the absolute worst sin in listed miners is to build a mine when no one is looking.
you get no uplift for the drilling and marked down hard for the capex.
the only time it should be considered is if it can be funded out of existing cashflow from other operations or debt.
and silver being so fickle year to year and SVL's project being good but hardly 1st quartile - it would make no sense.
high risk - relatively little reward
the smart play is to build portfolio then drill once silver uptrend establishes itself
Risks with SVL?, page-69
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