On Tuesday of this week, Silver Bull released a PEA on its flagship property La Mojada, currently the largest Mexican silver deposit in the Indicated category not already owned by a major. It is evident that La Mojada one day in the not too distant future will become a mine. This is rare in today’s price environment and reaffirms to us the quality of this company.
We spoke to CEO Tim Barry this morning and he shed some light on the release as well as went through the most important numbers for our listeners.
Tim also talks about what’s next for the company and how they will bring the project along towards a feasibility study as well as the permitting process. Sitting on roughly $6.5 million in cash, Silver Bull is well funded through 2014 and further.
Download Silver Bull Resources’s latest presentation (pdf).