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?
