TICKER: TSX.V:WS
DESCRIPTION: Wildcat Silver Corp. is a Vancouver-based mineral exploration company with an 80% interest in the Hardshell property in Arizona. Hardshell hosts silver, lead, zinc and manganese mineralization and is estimated to contain an indicated resource of 36.2 Moz. silver and 900 Mlbs. manganese, plus an inferred resource of 84.9 Moz. silver and 7.5 billion pounds of manganese. Metallurgical test work on Hardshell ore identified improvements to the initial design that are expected to reduce capital and operating costs and produced lead recoveries of more than 80%, which had not been included in previous economic evaluations.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Wildcat Silver first got on our radar screen in 2007. At the time, the company was struggling and there were management disagreements and lawsuits. It appears those issues have since been worked out and the company recently found its footing—even generated some buzz with investors earlier this year. Frankly, we have not spent much time looking at the company and have not been able to make contact with anyone at WS to give us a proper presentation. That said, we heard from two credible sources that recently appointed VP of Exploration Don Taylor is a competent and capable professional."
The Gold Report Interview with Helen O'Malley (05/10/10)
TGR: Are there any explorers in the U.S. with significant manganese assets?
O'MALLEY: There's Wildcat Silver Corp. and its Hardshell silver-manganese-lead-zinc property in Arizona. As we understand it, silver is the main product. I think Wildcat's deposit and the manganese stream is from a pretty low-grade deposit relative to the standard manganese mines owned by primary producers. I think that's one difference; and, if silver is the main product, that probably will be more key in determining the actual viability of the mine as opposed to necessarily manganese.
However, given the relatively large size and breadth of the manganese market, there is a place for Wildcat Silver to participate as long as the project is competitive and that they produce a product this market can use.
View Entire Article: CRU's Helen O'Malley Speaks Manganese
Andrew Mickey, Q1 Publishing (04/08/10)
". . .we're starting to see some action in some of our most undervalued plays—namely Wildcat Silver. Shares broke out above 50 cents yesterday and the fundamentals justify a $1+ per share value.
James West, Midas Letter
(03/17/10)
"When a company like Wildcat Silver Corp. comes along, I don't need to spend a lot of time running around researching the pasts of the directors or developing a sense of future prospects. That's because with one look at the management team, I can rest easy knowing that I'm looking at a winner.
Power People
Chris Jones, the president, is not exactly a household word – even in mining circles. But he has a 25 year track record in underground coal, precious metals and oil sands mining that suggests the depth and breadth of experience required to profitably operate such mines.
But the people who surround him in terms of major investors, board members, and fellow management are where the writing on the wall for the future of Wildcat is found.
Richard Warcke, the chairman, is possibly the junior investment world's Most Valuable Player of the last year,
And most recently, the company hired Paul Ireland, Ventana's CFO, who will now do double duty as Wildcat's CFO.
So there's a team here that doesn't just create successful companies—they consistently launch investment superstars. The presence of these guys alone justifies a substantial valuation, in my book.
Property Power
The flagship is the company's 80% owned Hardshell Property 80 kilometers southeast of Tucson, Arizona.
Wildcat published an updated mineral resource estimate in early 2010, which increased the size of the resource and upgraded a significant portion to the indicated category. Hardshell is now estimated to contain an indicated resource of 42.7 million ounces of silver and 1.3 billion pounds of manganese, plus an inferred resource of 37.7 million ounces of silver and 2.5 billion pounds of manganese.
Considering the current market cap of about CA$30 Million, it's not a stretch to say this is a company flying very much underneath the radar of the investing public.
This is a project that is very much in the planning stages for mining, and the people behind this project should not be underestimated. At $0.29, this company, in my humble opinion, is a steal."
Canaccord Adams, Junior Mining Weekly
(01/21/10)
"Wildcat Silver Corp. also upgraded resource definitions. Total reported indicated and inferred resources now include 80.4 million oz. of silver (+50% from previous estimate), 1.74 million tons of manganese (+196%), 225 thousand tons of zinc (+140%), 14.1 thousand tons of copper (+187%) and 162 thousand tons of lead (not previously included). The resource was defined using a $14/oz silver price assumption (from $8.5/oz in the previous 2007 estimate), as well as four comparison holes from the central area of the deposit and 1,251 historical sample pulps not previously included either. This estimate does not include the results of second phase drilling completed in October 2009 and released in November 2009."
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