silver, will disagree with your views on silver, not just from an industrial use view, but also from a generational shift, meaning folk today dont look to metals as a hedge....just my view though, and, not an argument suited to a stock specific thread
however, i agree that Bowdens is unlikely to be mined in the forseeable future, if ever...not just from an infrastructure/water supply viewpoint, but, you may remember i posted a while back, that i believe McClure and co (meaning the SIHA boys, being McClure, Franklin(and father), and the ex directors of SVL), are simply wanting the EIS to get lodged, in order for them to collect the 20M milestone shares (which are sagging in value in a reliable manner)....i simply do not believe they are interested in digging up ground....your pockets however may be a different proposition........i'll stick my neck out and predict McClure will move on after that, in order to be able to cash out...........the problem there being, there arent enough exit doors.
As for this latest annc............just another tin rattling exercise, as you know, it is a quarterly affair, raising more to keep the lights on..........at least with this new prospect, the geos have another few months tacked onto their careers. Whether they find anything worthwhile remains to be seen, others have poked around and moved on......the Botobolar molybdenum mine, by the way, was a great source of....er......gravel, for roadbase.
so, be ready for the charity drive after Xmas...please give generously
SVL Price at posting:
8.5¢ Sentiment: Sell Disclosure: Not Held
