SVL chart, page-3093

The movement or lack thereof with SVL has nothing to do with waiting for EPBC approval which based on the maths of over 1,000 applications that were assessed as a controlled action in over 15 years is around a 98% probability of approval with conditions. No, what is happening with the SP is being seen across the whole PM mining sector and has been the case for a over a year - mining stocks barely track rises in gold or silver, but are then sold off when they drop which puts them even further behind. SVL was over 30 cents in 2021 when silver had a spike near to $30 and there was no NSW state recommendation to approve, no IPC validation for consent of the approval and no EPBC approval - the first two on that list were the big boxes to tick and yet here we are at half the SP and a higher silver price. Hell, when silver cracked $30 for the first time about 2 months ago, SVL was over 20 cents!