Silver Bull Resources Inc.

Silver Bull Resources Inc. is a Canada-based mineral exploration company engaged in exploring and developing the "Sierra Mojada" located in Coahuila, Mexico. The project is 100% owned and operated by Silver Bull Resources and is part of a large land package consisting of 20 mining concessions totalling 4,715 hectares (11,651 acres), located in a historical high-grade silver, lead, zinc mining district discovered in 1879. The project has an NI-43-101 compliant measured and indicated Global resource of 58.7 million tonnes grading at 3.6% zinc and 50 g/t silver for 4.670 billion pounds of zinc and 90.8 million ounce of silver.

Expert Comments:

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Ron Struthers, Struthers Resource Stock Report

"Silver Bull Resources Inc. announced it has received notice from South32 that it wishes to maintain its option on the Sierra Mojada project by funding an additional $3M in exploration. This will result in aggregate funding of $6M at the completion of the second year of the joint venture. . .Silver Bull's stock price is ridiculous and cheap."

This asset, located in a historical mining district in Coahuila, is highly prospective for silver and zinc.
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The new campaign follows the 2018 release of an NI 43-101 resource update for the asset.
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Clive Maund,

"This looks like another good entry point for Silver Bull Resources Inc. . .It was interesting to observe a bull hammer form right at the support on Friday, just as the 50 and 200-day moving averages converge, and at a time when silver appears to be starting higher again. This therefore looks like a classic "buy spot" for Silver Bull, so we stay long and this is a good point to buy or add to positions."

Clive Maund,

"The good news is that Silver Bull Resources Inc. is believed to be very close to—or on the point of—breaking out into a major new bull market. Fundamentally it has a lot going for it—the entire precious metals sector is believed to be about to begin a bull market that will largely be driven by a weakening dollar, and Silver Bull itself will soon be drilling five promising targets that it has been building up to for years, which should generate interest amongst speculators. . .Silver Bull is rated an immediate strong buy."

A major partnership with an Australian mining and metals company that is funding exploration is paying off with a large increase in the resource estimate this explorer released.
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The results will help inform the upcoming drill program design.
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headshot of Ron Struthers

Ron Struthers, Struthers Resource Stock Report

"Huge news with Silver Bull on Monday is an example of money coming into exploration. Silver Bull announced a US$100 million JV with mining giant South32 who must spend that amount to earn 70% in the Sierra Mojado project, Mexico. To earn their 70% option, South32 must contribute minimum exploration funding of US$10 million in the first four years with at least $3 million in year one. South32 may exercise its option at any time to buy 70% of Minera Metalin (Silver Bull's Mexican subsidiary) by contributing $US100 million, less an amount of the Initial Funding contributed by South32 during the option period. Once $100 million has been spent both parties will revert to funding their portion of project. Should South32 elect not to continue with the project at any point during the initial 4 year option period, the project will return 100% to Silver Bull."

More Expert Comments

Experts Following This Company

Clive Maund –
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Bob Moriarty, Author – 321 Gold
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Ron Struthers, Editor Struthers Resource Stock Report

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