SVL 2.02% 9.7¢ silver mines limited

Ann: Share Purchase Plan & Minimum Shareholding Buy-Back, page-33

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  1. 2,308 Posts.
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    Some other company threads on hc and posters would be drooling about the prospect of drilling with two drill rigs
    at the same time. Let alone that they are expanding a resource at depth and along strike whilst finding higher grades as they do so.

    The thought of drilling to start soon on an untested IP anaomaly that Gumarooka presents should be grounds for some excitement on these threads. Gumarooka could be a dud or could be a mega-deposit of silver and possibly gold. These tenements are in a historically rich area for gold/silver. Sofala, Gulgong, HillEnd, Hargreaves are all nearby. If Gumarooka is a dud, then not much harm done. The company still has the Bowden's project. If they start getting some good drill hits from the get go then the sp should be off and away, as long as the silver price cooperates. See what Thursday brings us in that regard.

    I am a long way down on my options but will try to pick some more cheap options if they drop further. Will hold onto these until I see how Gumarooka pans out and also the silver price.
 
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