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Date Posted: 14:15:24 08/23/03 Sat
Author: siempre33
Subject: Jason Hommel's recos

svl.v
http://www.silvercrestmines.com/
Indicated resources of silver 30 mil oz. (SOZ.)

17.8 mil shares x .84 CZN x .72dollar/can = $10.8 mil
MC
$10.8 mil MC / 30 mil oz. = $.36 /oz. in the ground.

That's rather expensive

VS... 3 others.... below.

(It's cheaper though than SSRI and PAAS.)

SRLM is HOT, HOT, HOT right now, and all silver
stocks are heating up really well.

SRLM.PK
http://www.sterlingmining.com/
4.9 mil shares x 4.00/share =
$19.6 mil MC
~160 mil oz. resource, sunshine alone
~100 mil oz. other properties (rough guess)
$19.6 mil MC / 260 mil oz. = $.075/oz.

$19.6 mil MC / 400 mil oz. = $.049/oz.

MNMM.OB:
261 mil oz. silver resources
$14.3 mil MC
5-7 mil shares??? @ 2.05
$9 mil MC / 261 mil oz. = $.03/oz.
$12.5 mil MC / 261 mil oz. = $.04/oz.
14.3 mil MC / 261 mil oz. = $.054/oz.

CDU.V:
$19.35 mil MC (28.3 x .95CAN x .72 dollar/CAN =
$19.35 mil MC)
28.3 million shares fully diluted (assuming all the
options and warrants are exercised, which are NOT all
"in the money")
Proven & Probably none (explorer).
Speculated reserves ~ 100 - 250 mil?
$19 mil MC / 100 mil oz. = $ .19/oz.
$19 mil MC / 250 mil oz. = $.07/oz. **** (most
realistic???)
$19 mil MC / 750 mil oz. = $.025/oz. (super hopeful
of 3 large deposits each like provedencia)


--- David Stanford wrote:

---------------------------------
Just read your Feb. article on Cardero.....again.....&
it reminded me that I should mention my fav pure
silver play, SilverCrest -- SVL.V --
This one has what I would call a huge advantage over
most others in the person of Scott Drever, who was
mainly responsible for the success of Dome Mines,
before it was folded into PDG.
After talking with him several times I came away with
a very good impression. He knows what he wants & he
has a plan, a roadmap of how to achieve his
goals......& is reputed to drive a hard bargain in
accomplishing his aims.
They also have properties in Honduras which have had a
lot of data worked-up on them years ago.......you know
how that goes, low silver prices = low interest in
mining
The first drill results are coming out shortly, &
already Scott has more deals in the works.
He's not telling what, but I know he has willing
backers, who will put up big bucks to move the
projects forward.
SVL is my largest PM stock holding.....I also own some
CDU.
If you should need more info, please don't hesitate to
call Scott; he's very accessible......
siempre
http://www.silvercrestmines.com/

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