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Our next EDW is our new 5 Star Stock SBR.TO! SBR is already at the high of the day up 13% to $0.68 and gaining speed!
SBR's principal asset is its 100% owned Mangazeisky silver project located in the Republic of Sakha, Yakutia, in the Russian Federation. The Company's most recent NI 43-101 resource estimate dated February 25, 2011 estimates and Indicated mineral resource of 1.1 million tonnes averaging 514 grams per tonne of silver totaling 18 million ounces, and an additional Inferred mineral resource of 1.7 million tonnes averaging 554 grams per tonne of silver totaling 31 million ounces. On top of having such an undervalued property with such a strong resource value but the company is fundamentally strong with C$13.5 MILLION in cash with NO DEBT! SBR only has 44.2 million shares outstanding. Silver is up over 3% today to $34.35 per ounce! If SBR's silver resource base was valued at just $1 per oz or $49 million and you add in its $13.85 million in cash (it has no debt), SBR would deserve a market cap of $62.95 million. Divide that by 44.2 million shares outstanding and SBR would be worth $1.42 per share!
SBR's upside potential is HUGE! In my opinion, SBR could make a run like EDW and gain 50% potentially in the near term!
Silver Bear Resources (T.SBR) jumps 38% on Mangazeisky PEA update
§Gaalen Engen, Stockhouse.com 0 Comments| 15 minutes ago Add to favourites
Silver Bear Resources (TSX:SBR, StockForum), a Toronto-based firm engaged in the evaluation, acquisition, exploration and development of Russian silver properties, announced an update today to its Preliminary Economic Analysis (?PEA?) at its Mangazeisky Silver Project located in Yakutia, Russia.
According to the news release, updates included a post-tax internal rate of return of 63% at $20 per ounce silver forecast price with initial capital costs for the project expected to hit $39.0 million.
It went on to note that the net present value of the project is US$129.9 million at a 5% discount rate with a projected average head grade for the first five years of 911 g/t Ag.
The company also expects that the Mangazeisky Silver project will have a 19 year life and will average 2.6 million ounces of silver annually for the first five years.
Silver Bear was in the news recently when the company welcomed Anastasia Gracheva to its Board of Directors.
Shares shot up 38.46% on the news to $0.18 per share.
Currently there are 94.9m outstanding shares with a market cap of $17.1 million.
Highlights der Studie: -Highgrade Silver von 911g/Tonne -Cashkosten von nur ca. 5$ pro unze -19 jahre Minenleben, davon 10 jahre open pit mining mit Startförderung von 2,6 Mio Unzen im jahr. -extrem niedrige Capex