SVL's model was using $31/oz with costs of $18/oz. The recent fall of silver prices has it precariously close to support. There was high volume with little movement in the silver prices (iSilver) suggesting that plenty of buying appeard at the lower levels otherwise surely the SP would close lower.
Hopefully SVL will update on their model with a much reduced cost/oz and a resource upgrade in order to stay economically viable at these (and possibly lower silver prices).
SVL Price at posting:
11.6¢ Sentiment: None Disclosure: Not Held
