Silver Standard reports that the combination of two adjacent northern British Columbia gold projects holds the potential of "a world class deposit."

potential? i would think it is already world class. silver standard has already defined more than 18 million ounces of gold at snowfield, and seabridge's ksm deposit next door has more than 34 million ounces. these days there are not too many places you can find 53 million ounces of gold, especially in a friendly mining jurisdiction (bc) where you don't have to worry about some tin-horn dictator deciding your deposit belongs to him.

if the snowfield deposit were valued at $40/ounce, it would have a market cap of more than $700 million all by itself. that is just another example of how ridiculously undervalued this stock is. if the snowfield deposit grows much larger, they may want to change the name of the company to gold standard resources.

snowfield and pitarrilla (700 million ounces of silver) are examples of the company's ability to create shareholder value through grass roots exploration, while pirquitas was given up by sunshine, and will now produce an additional 200 millon ounces of silver over the rest of its mine life. it is only a matter of time before the market understands that this company is not just a proxy for the price of silver.