We expect to have an updated 43-101 resource estimate completed in the first half of 2013 which will incorporate the results of the drill program outlined above. At this point it is likely we will move into a preliminary economic assessment of the project.
In addition to this drill program, our VP Metallurgy, George Rawsthorne is concurrently pushing forward our metallurgical program. This program will focus on three things 1) silver metallurgy 2) zinc metallurgy 3) metallurgy of a mixed zone which contains both silver and zinc. George brings a wealth of knowledge and experience to our team and we are looking forward to developments of this program as the year goes on.
The company has also placed a strong emphasis on marketing in 2012/2013. We have brought on Matt Hallaran to lead the charge on Investor Relations. Since coming onboard Matt has redesigned the corporate website, which can be viewed at www.silverbullresources.com, significantly upgraded the corporate presentation and completed a corporate video to assist us in telling the Silver Bull story. Moving forward, our team will be actively attending conferences and conducting regular roadshows throughout the remainder of the year to raise awareness of the company to both institutional and retail investors.
OutlookWe at Silver Bull remain extremely bullish on the fundamentals for both silver and zinc. There is no doubt the world's financial troubles will not go away anytime soon and silver (along with gold) will continue to be a haven for wealth preservation. Furthermore, with the imminent closing of a number of major zinc mines expected in the next 3 years, coupled with both a lack of new zinc mines coming on line to replace this lost production and an expected increase in zinc demand we see a tightening in the zinc supply over the short to medium term.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV