SS1 - Sun Silver

[Sean K]

This area has been picked over by everyone and his dog, including SSR.
The depths of the intersection are nothing spectacular, and the strip ratios are bigger than i would like.
I think I will leave this one, I have already made a bit of money out of it early in the piece, think i will just be satisfied with that.
Good luck to those who want to play.
Mick

Yeah, getting into the IPO was where it was at. Still a relatively small MC at $65m for the resource. I haven't compared it to anyone yet. Probably the only thing might be SVL which is $150m, but a different apple in a different orchard.

 

[Sean K]

The market is expecting a considerable MRE upgrade after this drill program. Or, silver to keep going.

 

[Sean K]

One of the few ways to play the silver run. Not sure how many more legs this has.

 

[Sean K]

Probably another good day today. Not sure if any other silver play has performed as well.

IPO raised $13m, opportunistically raised $13m more and is now $93m.