Re: not to worry
in response to
by
posted on
Feb 28, 2010 02:49PM
Mainman, it is not conceivable to me for Silverado to go out of business.
The company's intellectual property (decades of exploration data) for Nolan, Eagle Creek and Ester Dome are worth, in my honest opinion, at least $100MM combined.
Then add to that the $80MM in probable reserves at Nolan, and another $50MM or so in indicated and inferred resources at Nolan alone.
Then add somewhere between $5MM-$50MM (SWAG and highly debatable) for the Ester Dome Grant Mill.
Then add the $125MM (~125,000 Toz Gold) of indicated gold value at Ester Dome.
Then add the $215MM (~215,000 Toz Gold) of inferred gold value at Ester Dome.
Then add the currently uncalculated value of antimony and gold at Eagle Creek.
Nope, Silverado is not going to go out of business.
They are going to get financing soon and move forward. Period.