SS32 JV partner SVB mentioned in despatches. I have no idea if the Mexico JV is progressing, or even still alive. Still, a fun read.
SVB has a very large Silver deposit in Mexico with a yearly production profile of 7 moz/year (see PFS released 2013) and a NPV close to $1 billion. At 0,2 cut of that deposit has over 500 million oz silver eq.However, as in First Majestic pre breakout, there is a unresolved legal dispute that should have final ruling this month. IF SVB wins stock may explode like First Majestic did once they won in court last week.SVB also has a very large gold, copper, silver deposit in Kazakhstan with NPV based on JORC standard close to $2 billion and 15 moz eq gold. At NI-43-101 standard project sits on about 7 moz gold eq or about 500 moz silver eq.Together both deposits have 1 billion oz silver eq, and SVB has a market cap of $30 million, that gives a valuation of $0,03/oz which should be, correct me if im wrong, the lowest valuation per ounce in the whole sector.SVB is a very high risk stock, especially since they do not have much cash and need to dilute more going forward.
https://www.reddit.com/r/Wallstreetsilver/comments/l99kw3/cheapest_silver_stock_in_the_world_1_billion/
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