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.
Glenn stated:
"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/
About the author
Founder and President of GoldSeek.com and SilverSeek.com
Twitter: @GoldSeek
His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.
With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps. His focus is also heavily on gold and silver’s return as monetary metals and the ongoing monetary and financial developments with a global perspective.
Back at the start of the new secular precious metals bull market, Peter established the technically+fundamentally-focused subscription newsletter, Gold Seeker Report. In 2005, he merged the service and co-founded The Gold & Silver Forecaster weekly newsletter.
Peter also specializes in assisting start-up / micro-cap ($1M - $100M+ market caps) companies connect with investors, capital among other specialized consulting services - typically IPO, undiscovered or turnaround situations.
In 2008 he launched an online gold and silver auction house - SeekBullion.com - which in its first year has auctioned over $10 million in bullion and coins with an additional $10M in the coming couple years. In 2012 the site is now under re-development pending a future re-launch.
Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com
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