Silver Bull is playing it safe and they are looking at every expense to save money/costs where they can. The $7 million cash in the bank (as of today) will take them well into 2015, a rare circumstance for a junior these days.
We touched base with CEO Tim Barry on Friday when he was in Mexico and he explained the company’s latest release on the metallurgical test results at the Sierra Mojada Project in Mexico.
The company is in a great position with the deposit already defined to an M&I resource that will take them all the way to a feasibility, hence no expensive drilling needed. Instead the company will focus on continued metallurgical work as well as permitting. Next big trigger is the release of the PEA which is expected in Q3.
The company has two listings, big board in Canada (svb.to) and an AMEX listing in the U.S. (svbl). We have bought all our stock through the U.S. listing as that’s where most shares are traded.
Download Silver Bull Resources’s latest presentation (pdf).