SVL 1.10% 9.0¢ silver mines limited

By the comments and posts since the resource release, it is...

  1. 3,351 Posts.
    By the comments and posts since the resource release, it is pretty evident how impatient and ill-informed the Australian resource investor group is.

    Anyone who is in the industry knows that MEASURED AND INDICATED resources are where the confidence lies; not inferred resources. If SVL had release 25 million ounces in the inferred category, they WILL NOT be able to do any pre-feasibility study. Protocol indicates that a firm needs their numbers in the indicated column to work out the numbers before proceeding to a bankable study.

    They have also stated that a new round of drilling is scheduled to begin in April 2012,  with 6,000m of it being pre-paid. 

    SVL needs time...they have approx 12 million ounces and 70% in the measured levels. With silver prices geared to increase with the rising gold price, patience is needed.
 
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