HotStockMarket › Forums › HSM Stock Forum › Stock Forums for NYSE, NASDAQ, AMEX › SVM - Silvercorp Metals Inc
New Posts  All Forums:Forum Nav:

SVM - Silvercorp Metals Inc

post #1 of 732
2/1/10 at 5:39am
Thread Starter 


Silvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of silver, gold, lead, and zinc related mineral properties in the People’s Republic of China. It operates four silver-lead-zinc mines in Ying Mining Camp, Henan Province; is developing the GC&SMT property in Guangdong Province. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.

http://www.silvercorpmetals.com/

Also trades under the ticker SVM.TO on the TSX for anyone interested in playing this in Canadian funds.
Reply
Reply

Featured Stories on HotStockMarket

Stonerangers forum
Educational videos for new investors!
Mark's Weekly Trading Log
post #2 of 732
2/1/10 at 5:51am
Thread Starter 


Could potentially be a good bounce point. Hasn't seen under $16 since beginning of September.
Reply
Reply
post #3 of 732
2/1/10 at 5:52am
Ahhhhh.......I think the other thread is just fine myself......
Reply
Reply
post #4 of 732
2/1/10 at 5:55am
Thread Starter 
Quote:
Originally Posted by cactus View Post
Ahhhhh.......I think the other thread is just fine myself......
My bad if this is a repost, I did a search and saw it in the Canadian Stocks section only. Didn't see one on the US market.
Reply
Reply
post #5 of 732
2/2/10 at 12:00am
I'm liking it, but I love EXK. Mouserman beat me to this (sadly) in the Feb. game.
Reply
Reply
post #6 of 732
11/4/10 at 4:21pm
Anybody notice how well this one is doing today?

And this is the only thread for this stock in the Big Board forum. Mouserman has about a half dozen threads in the Canadian forum on this company. Why does he start a new thread every time he wants to mention a stock?
Reply
Reply
post #7 of 732
11/4/10 at 4:53pm
I kicked myself for not buying on the dip yesterday....or last week...
Reply
Reply
post #8 of 732
11/4/10 at 6:24pm
I can't believe it hit $12.
Reply
Reply
post #9 of 732
11/8/10 at 9:04pm
Up another 7% today to 12.72. This was below $10 a week ago.
Reply
Reply
post #10 of 732
11/8/10 at 9:06pm
KICKING myself hard for not buying at $9
Reply
Reply
post #11 of 732
11/8/10 at 9:06pm
Just found this:

Quote:
Silvercorp to Acquire BYP Gold-Lead-Zinc Mine in Hunan Province, China
3:05p ET November 8, 2010 (Market Wire)

Silvercorp Metals Inc. (TSX: SVM)(NYSE: SVM) ("Silvercorp" or the "Company") is pleased to announce that it has signed a share purchase agreement and a Sino-Foreign cooperative joint venture contract to acquire a 70% equity interest in Yunxiang Mining Co. Ltd. ("Yunxiang"), a local private mining company in Hunan Province. Yunxiang's primary asset is the BYP Gold-Lead-Zinc ("Au-Pb-Zn") Mine, located 220 km southwest, or a 3 hour drive, from Changsha, Hunan's capital city. The cost of the share purchase and the Joint Venture capital investment is approximately US$33 million for Silvercorp.

The BYP mine has a mining permit covering 3.67 km(2), a safety production permit, and a 400 tonne per day ("t/d") floatation mill. The mine and mill has been in production since 2006 and has mined and processed about 300,000 tonnes of "lower grade" lead-zinc mineralization near the surface. No other historical mining and milling activity occurred within the mining permit area. Currently the mill is not in operation as the tailings pond is full. A new tailings facility is under construction and is expected to be completed in five months. The mine and mill are easily accessed by paved road and are serviced by the national power grid. Over 4,100 meters (m) of underground development is completed, including four declines totaling 767m and 2,010m of exploration drifts.

A geological report on the property was completed by the Chinese government geological team in 1992. Based on 36,151m of diamond drilling in 105 holes, the report defined 5.44 million tonnes of gold mineral resources grading 2.76 grams per tonne (g/t) Au, containing 482,000 ounces of in situ gold, and 3.12 million tonnes of "higher grade" lead and zinc mineral resources grading 2.45% Pb and 5.26% Zn. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources, and Silvercorp is not treating the historical estimates as current mineral resources and the historical estimate should not be relied upon.

Geologically, the project area is underlain by Devonian limestone, mudstone, and sandstone units that were intruded by Mesozoic granites within the prominent Central Hunan gold-tin-lead-zinc-antimony polymetallic belt. Gold mineralization up to 41m in true thickness as defined by surface drill holes occurs in the sandstone while lead and zinc mineralization zones up to 53m in true thickness are hosted in the limestones. Gold mineralization is mainly related to fine quartz veining and disseminated pyrite developed along joints and fractures in sandstones. Lead and zinc is usually very fine-grained and is associated with silicification and pyrite in limestone. Gold, lead and zinc mineralization zones appears from surface to a depth of about 350m based on the deepest drill holes. As drilling to date has been widely spaced (100m to 400m between holes) it is possible that additional mineralization will be proven through future extensive exploration of underground tunneling and closely spaced diamond drilling, as the recent underground tunnels have intercepted several new gold and lead-zinc mineralization zones.

At present, gold mineralization is accessible by underground tunnels at the 252m elevation, about 100m from surface. As part of the due diligence review, extensive gold mineralization defined by previous drilling has been confirmed by Silvercorp geologists who carried out a systematic channel sampling program in four newly developed underground tunnels that cross-cut through the #3 gold ore (see table below).


Underground Channel samples by Silvercorp
---------------------------------------------------------------------------
Tunnel cross-
cut interval Gold grade
Tunnel (meters) (g/t)
---------------------------------------------------------------------------
CM 16-17 33 2.79
---------------------------------------------------------------------------
CM17 72 5.75 including 15.08 g/t over 12 meters
---------------------------------------------------------------------------
CM17-18 90 4.83 including 14.13 g/t over 9 meters
---------------------------------------------------------------------------
CM18 99 2.42 including 7.67 g/t over 6 meters
---------------------------------------------------------------------------
Reply
Reply
post #12 of 732
11/8/10 at 9:07pm
cont.

Quote:
Silvercorp has used a metallurgical laboratory in Changsha City to conduct metallurgical tests on gold and lead-zinc mineralization from the BYP mine. The preliminary test results and previous production records show that gold can be recovered at about 90% recovery rate by conventional floatation to produce a gold-sulfide concentrate. Lead and zinc can also be recovered by conventional floatation with 80% lead and 90% zinc recoveries. Within 200 km there are one gold and seven lead and zinc smelters with ample capacity ready to take these concentrates.

Once the transaction is completed, Silvercorp, through Yunxiang, intends to utilize the existing 400 t/d floatation mill to mine and process the gold mineralizations starting from fiscal 2012. Concurrently, Silvercorp will expand the mining and milling capacity to 1,000 t/d gold mineralization for fiscal 2013 then to 2,000 t/d (1,000 t/d gold mineralization and 1,000 t/d lead-zinc mineralization) by fiscal 2014. Silvercorp will carry out an extensive exploration program to upgrade and expand the current resources. Silvercorp will also complete a NI 43-101 report on the project and engage a Chinese engineering firm to design a full plan for mining development. A feasibility study has not been completed and there is no certainty the proposed operation will be economically viable.

This acquisition marks another significant step for Silvercorp's growth in China, allowing Silvercorp to establish a third production base in a prominent polymetallic belt with a mixed production of precious and base metals. The acquisition fits Silvercorp's strategy of acquiring precious metal projects that can generate healthy cash flows before the project is fully explored and developed, so that further resource expansion and production growth can be financed by internal cash flow. This will also enable Silvercorp to further establish its reputation as an efficient producer and enhance its ability to consolidate other producing mines and exploration projects in the region.
Reply
Reply
post #13 of 732
11/9/10 at 6:48pm
what`s happening with SVM now?
Reply
Reply
post #14 of 732
11/9/10 at 7:01pm
Dunno, but I came home a little while ago and just saw that huge pullback. I'm probably catching a falling knife but I initiated a position at $12.00
Reply
Reply
post #15 of 732
11/9/10 at 7:08pm
or is everyone speculating for its earnings announcement after today's close
Reply
Reply
post #16 of 732
11/9/10 at 7:14pm
Probably profit taking after the huge runup in the last week. I'm looking for more of a swing trade though, 2-4 months.
Reply
Reply
post #17 of 732
11/9/10 at 7:39pm
Quote:
Originally Posted by skwerl View Post
Probably profit taking after the huge runup in the last week. I'm looking for more of a swing trade though, 2-4 months.
So are you bullish on SVM's earnings today?
Reply
Reply
post #18 of 732
11/9/10 at 8:12pm
They have little debt, they are very profitable and silver is rising. I don't see this stock doing bad until silver prices collapse, and I don't think that's happening any time soon.
Reply
Reply
post #19 of 732
11/9/10 at 8:25pm
Interesting Silver Analysis......

Go down to Oct 27th to listen.......
http://www.financialsense.com/financial-sense-newshour

I've been looking to add to my Silver position, and this pullback might be more of an opportunity to do so.
Reply
Reply
post #20 of 732
11/9/10 at 8:27pm
Looks like I might have jumped in too soon. I'll wait to see where it bottoms and average down. Like I said, my first buy was just a couple hundred shares to get my toe in the water.


edit: I set a buy for 11.25 figuring it might hit tomorrow or the next day, but it hit at 3:40. SVM is back up over 11.50 at 3 minutes till closing bell.
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home

Featured Stories on HotStockMarket

Stonerangers forum
Educational videos for new investors!
Mark's Weekly Trading Log
HotStockMarket › Forums › HSM Stock Forum › Stock Forums for NYSE, NASDAQ, AMEX › SVM - Silvercorp Metals Inc