SVL - Silver Mines

[explod]

I am a committed silver bug, have been for many years. Have been trading SVL up and down for the past 12 months as it has some big swings both intraday and over longer periods.
As many have noted earlier, there is a dearth of pure silver plays on the ASX. Silver is generally mined as by product , often in conjunction with lead or Zinc. Australia's largest Silver mine is Cannington, once owned by BHP , but spun off into South 32. It has an estimated mine life of 25 years (in 2010), and for a while was the lowest cost producer in the world. So S32 might also be an option for those considering exposure to silver. Like most silver bugs, I expect one day that those crims who run the LME and abuse the paper COTS will one day day get their comeuppance, and silver will soar free like a bird, along with some untold riches for me.

I'm with you, have been accumulating silver for over 15 years, more recently pre 46 coins but very scarce now. Your SLV will keep rising too.

 

[mullokintyre]

SVL should have a good day come Monday. Silver back above USD18. Have put some on the table at .115 to take some profits.

 

[mullokintyre]

SVL should have a good day come Monday. Silver back above USD18. Have put some on the table at .115 to take some profits.

And even bigger today. Silver shot up $3 in the space of ten days. SVL set to take off. Along with ARD, MKR.

 

[aus_trader]

Silver price breaking out to the upside after multi-year sideways consolidation:

 

[explod]

Got into SVL today, with the continued rise of the silver price could no longer stand by.

Good summary by Small Caps today:-

https://smallcaps.com.au/investigator-resources-positions-offer-leveraging-silver-price/

 

[aus_trader]

Got into SVL today, with the continued rise of the silver price could no longer stand by.

Good summary by Small Caps today:-

https://smallcaps.com.au/investigator-resources-positions-offer-leveraging-silver-price/

Wow, SVL having a nice day on the market...

Even better is another Silver stock IVR...

 

[explod]

My pick for the September Comp is based on my take that silver could be soon on the rise and an announcement on core sample analysis expected soon with some expectation.

The chart:-

Some healthy consolidation the last week following the recent top in silver and almost a tini wini breakout today. Low volume hold looks ok. We'll see.

 

[explod]

My pick for the October comp. Has followed the price of silver close and note the rise in August with highest volume. Like the monthly charts at times as simplicity often tells things better for myself. Still awaiting announcement for the core samples content which should not be far away now. I feel the silver price is rising off it's recent bottom so we'll see.

 

[explod]

Sorry to be a bit boring with my pick each month, but again my choice for November is based on my take that silver is in a growing short supply and this company has a good pit about to open up.

The political/financial state is in growing turmoil also and though many are selling stocks/property etc. for cash. However with silver, not only to invest in but to keep up to the growing needs where it is used for solar power as one will raise the price as commodity markets rebound. In fact copper is currently at a new record price for similar reasons.

I do not feel the need to post the charts again this month but to point out that the 12 month Aus. silver chart and that of SVL are almost identical.

Anyway, good luck to all in the comp and we'll see.

 

[aus_trader]

Sorry to be a bit boring with my pick each month, but again my choice for November is based on my take that silver is in a growing short supply and this company has a good pit about to open up.

The political/financial state is in growing turmoil also and though many are selling stocks/property etc. for cash. However with silver, not only to invest in but to keep up to the growing needs where it is used for solar power as one will raise the price as commodity markets rebound. In fact copper is currently at a new record price for similar reasons.

I do not feel the need to post the charts again this month but to point out that the 12 month Aus. silver chart and that of SVL are almost identical.

Anyway, good luck to all in the comp and we'll see.

For me posts on Silver / Gold are never boring

 

[explod]

In my humble view SVL, knocked down of late is set to jump very soon. Have staked the area out and just waiting approval to dig the dirt. From the reports it looks positive. Not much to see on the chart, it has followed the recent drop in the silver price so we'll see.

Really jumping around. But as the shortage of physical silver grows we could see a breakout soon.

 

[investtrader]

I picked SVL for the yearly comp. I think Silver may have a good year and hence I want to leverage this with SVL.
I have attached a monthly chart with upward momentum,

 

[explod]

Agree investtrader so picked it for the January 2021 Comp.

Still awaiting news which should be good and surely soon on a clearance to proceed with the mining operation.

I have noted for some time that it follows the silver price fairly close and in my view PM's could be on a breakout soon. I judge this on an extraordinarily high PE ratio on most market stocks, huge debt levels and massive money printing with little backing of substance.

In my humble opinion. Always do your own research.

 

[explod]

SVL is my lead pick for the 2021 competition also. I've noted above the fundamentals but my enthusiasm relates to it's movement with the silver price. And as I mentioned on the "silver silver silver" thread here yesterday I believe the drop in the silver gold ratio this year of 50% will continue towards the historical mean of 15 to one gold.

And Aussie silver:-

 

[aus_trader]

If Bitcoin is anything to go by, there is fear of FIAT currency devaluation that is putting more money into hard/limited assets such as Silver and Gold as well.

My 1st choice would have been to pick DCC to ride the Bitcoin mania 2.0 for the CY2021 competition, but unfortunately DCC is trading below 10c !

Not to worry. I think there will be more upside in Silver that will follow the price of a Bitcoin which is enough to buy a brand new car !
Especially in AUD:

Therefore I pick SVL as one of my picks for CY2021 competition.

 

[qldfrog]

my pick for this year's competition : silver as PM alongside Gold, and as a commodities with Reset favored industries EV etc
on top of that, an inflation edge toward the end of 2021
Probably too big a player to win but should be reasonably well placed

 

[explod]

Could do well on this qldfrog. Just looking at the long term chart and it gives me an impressive feel, a further rise in silver and the next announcement is indicated to be very good also. Lol, if that's any value...

 

[finicky]

There's two ways to look at SVL - as a supposedly leveraged 'play' on silver price sentiment where one is going to jump off at some T/A point with a trader's profit. Whether or not this will ever become a profitable operation is not a thing. I'm not interested in that approach but have to say that the weekly chart is not too bad a picture imo. The last three weekly candles are showing indecision and supply stifling demand. No news that a a bad day can be expected on Monday with the silver price whacked the worst of the PMs. But mostly the chart seems to be building and I doubt I'd be selling if a medium term holder.

Weekly

 

[finicky]

On another forum I said this about Bowdens at the time it was sold to SVL
Feb 25 2016 ...

"So, following the sale of the dud Challenger mine, Kingsgate announced today they've also sold stupid Bowdens. Sold 85% for $20m and the 85% will probably become 100% unless after a period of free carry they choose to put in for costs, which they wont imo.

Sold for $20m now, bought for $75m ($45m cash + $30m shares) four and a half years ago. Added to which all the costs of preparation over 4 years towards feasibility, environmentals, other legals, and so on.

Their strategic judgement is worse than mine, and i have been diagnosed with imbecility. You cant believe any mining management."

Years earlier I had emailed Kingsgate's investor relations in a rage when they anounced that they were buying Bowdens.
Historic Email exchange 03/11/2011

"Hello,
I am wondering if the case for the Bowdens project can be further explained in your presentations to potential investors.
I don't understand how such a low grade silver resource is attractive to mine. Less than 2 ozs/tonne of Ag.
From the notes I can't judge whether that is before or after adjustment for 81% metallurgical recovery. I ignore the paltry presence of lead and zinc in the ore.
I really don't get it, I've been buying into spec miners for a few years, mostly unsuccessfully, and this Bowdens resource seems close to the most pathetic thing I've seen in a prospect. And the costs will be Australian not Thai.
I have only 2,000 shares in Kingsgate but was recently looking at it for a family buy when the price dropped. The Bowdens purchase is what put me off.
Rgds
finicky"

'Dear finicky,
Thank you for your enquiry.
For your information, please note that a 2oz/t Ag (~60g/t Ag) orebody is, for reference, equivalent to a ~1.3g/t Au orebody using the AuEq45 ratio we use.
For an ore body that outcrops and has a 1:1 strip ratio I think you might find that the economics look very attractive at current silver prices and quite robust on any reasonable forecasts. Please note that the Pb and Zn by-products would lift the grade closer to 78g/t Ag, equivalent to ~ 1.7g/t Au using the AuEq45.
If you would like to discuss further please feel free to contact me.
Kind regards,
Joel Forwood"
General Manager Corporate & Markets

 

[finicky]

In the last ASX silver equities stampede I tried to warn punters on another site of what I had experienced in the first one. My attack targets at that time were AYN and CCU. I don't think I could go through it again with SVL.

Some old asx listed silver companies that looked after their investors in the last two silver frenzies:

Macmin Mining (MMN): into admin after a decade or something of notably frequent updates as to progress. One was where they had discovered an old zinc slag dump on their tenements. It had silver in it! Eventually they actually got a mine and processing complex built. Never got anywhere near making a profit, heavily loss making at a much higher silver price than management's feasibility plan.

Alcyone Resources (AYN): reincarnated Macmin using the same Macmin project (Texas Silver Mine in QLD) as its stalking horse. Very rapid hyperinflation of shares, never made a cent -> administration

Cobar Consolidated (CCU): COBAR CONSOLIDATED RESOURCES LIMITED CCU | deListed Australia. This entity was delisted from the Australian Securities Exchange on 29 August 2014. This entity was deregistered on 09 December 2019. It has thus ceased to exist.

Malachite Resources (MAR) how well I remember the innocuous reassuring face of the m.d of this once in a lifetime opportunity as he led us through our company's prospects in numerous informative video interviews. Around 15 years later, in fy20, I sold my stake in MAR for beer money and a substantial capital loss. I had trouble getting an offer and all I was asking was a slab . The LT chart says all that's needed. I noticed that SVL has sold off an old MAR asset that supported a few capital raises for MAR in the past - Conrad silver project - which means at some prior point they actually also bought Conrad, haha.