Here is my chart adjusted for the IPO price of Sun Silver. Very cheap entry price per Oz for sure. A real rip screamer on this measure.
Very Complicated legal structure and issues over the mining leases/options. Very long detailed legal issue discussed in the prospectus.
Big inferred resource, starting about 100m below surface. Expensive?
Raising 13m to pay for options (about 5m) and 4 Million drilling and exploration. Will need way more to firm up resource.
Nevada is good generally.
Geology suggests that it is not simple processing to remove metal from ore. Expensive?
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