Live from Zurich, I speak with the President and CEO of Silver Tiger Metals Inc., Glenn Jessome, about the move from exploration towards a mining company. We discuss the latest resource and PEA recently released and more.
"Last year Silver Tiger Metals was an exploration company. We raised $91 million over that 7-8 year period as an exploration company for our asset in Sonora, Mexico where we drilled a 125,000 meters. There is strong institutional support, bank coverage. Which is important for what we are doing..."
Regarding the latest resource published, Glenn shared that the total showed a:
"Silver resource estimate of 176 million equivalent ounces. Now how do we move forward and build a silver mine at El Tigre? The P.E.A. shows a avg. yearly production of 4.6 Million Silver equivalent ounces NPV of $287M with an IRR of 55.8% and a 1.7 year payback period, using $23.75/oz Silver and $1,850 Gold. The mine consists of two operations -- an underground mine and open pit."
Listen to learn more about this exciting Silver To learn more about Silver Tiger Metals Inc., please visit: https://silvertigermetals.com/