Silver Hammer Mining – Exploration Update at Silver Strand, Eliza, And Silverton
Morgan Lekstrom, President and CEO of Silver Hammer Mining (CSE:HAMR – OTC:HAMRF), joins us to provide a comprehensive overview of the Company’s focus on silver exploration in Idaho and Nevada. The Company holds three prospective and prior-producing silver miners with the Silver Strand Mine in Idaho, along with the Eliza Silver Project and the Silverton Silver Mine, in Nevada.
We focus first on the recently completed 11 hole Phase 2 exploration program at the Silver Strand Mine, as well as reviewing the historic drilling and Phase 1 drill program that was completed last year. Next we shifted over to the ongoing soil sampling and geophysical surveys vectoring in on targets at the Eliza Silver Project. We wrap up with work planned around the Silverton Silver Mine, with permitting for 12 drill pad locations now in place, and the board reviewing the details about an upcoming RC drilling program at this property.
Please email us any questions you have for Morgan regarding Silver Hammer Mining. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
There is a mighty revolution in industry, trade, and in finance taking place. How this all plays out, is yet to be seen, but if China invades Taiwan, will they be subject to sanctions like Russia. The buck stops at Joe’s desk, can you figure out what he will do next, I can’t? This is all too weird for anyone to be able to predict, how do you price all this into the value of stocks. LOL! DT
Considering that the government of China just awarded 2 new concessions to Silvercorp in public auctions, it seems unlikely they’ll seize them right back. They need competent operators, and the team at Silvercorp have proved that beyond a shadow of a doubt for well over a decade now of operations. Also they are a Canadian based company, (not US based), so Biden’s blunders don’t have anything to do with what SVM is working on as a Canadian mid-tier producer.
Silvercorp is minting money as you mentioned, and they are the lowest cost Silver equivalent producer on the planet due to the credits from Zinc & Lead & Gold. Eventually, the market will come to appreciate their fat margins, operational consistency, and exploration upside, with new mines to get into production, and strategic positions in 4 different Latin American exploration incubation companies (which is further diversifying them out of China).
Price has nothing to do with value when Central Banks and Governments elect to intervene in markets for misplaced agendas.
Global recession, war, inflation, incompetent govt, what could possibly go wrong?
Worse:
Live as a serf in a Fascist State run by a Dictator.
got out of recent add ons, Li at 2.10, dml at 1.70 and Nem jan calls at 2.10. All meagre but up a tad. continue to hold original 25% holdings for that nirvana moment. LOL
cash matters
Another sh!t day… bailed out on my DEF trade and going short gold and silver.
I am expecting some sort of sustained countertrend rally across the PM complex that will take us back to declining 100 WMAs across the sector. I believe this move will begin any time between now and January, which I realize isn’t very helpful.
I think the move will be so quick that it will sucker in some new longs who will get whipsawed as price is rejected and heads back down toward the 400 WMA, at least in silver itself. It’s quite possible the miners will continue to positively diverge from the metals from here out, so the miners may not give back nearly as much.
But make no mistake, it’s highly likely that 2023 is going to be a sideways slog in the metals. I think silver has a good chance of being trapped within a box or triangle consolidation between the declining 100 WMA and the flat 400 WMA for at least the first half of the year if not most of the year.
A large move must almost always be preceded by a very large drop or a long consolidation. Personally I would rather see the latter than the former. Could I be wrong, and the metals just take off starting in Nov., Dec. or January? I suppose, but IMO the declining 100 WMAs are telling. Similarly, I don’t forsee a 2008 style drop that would allow for a V shaped rise in the near term. I think my take is still quite bullish, but it’s not what people want to hear. Again, take a look at wheat between 2000 and 2007 to see what I think silver is going to do. Right now silver is doing what wheat did from 2004-2006, especially looking at the 100 and 200 WMAs, IMO.
Back in Defiance and Silver Tiger. Threw some more at Tectonic.
Added to Santacruz and back in Impact.
I could see silver making a series of lower lows over the next couple of months (before the rally back to the 100 WMA begins), although I don’t think these lows will be dramatically lower (maybe into the 16s). OTOH, with silver, they can drop price to unfathomable levels within a 1-3 week timeframe, and a test of $15 or even a test of the 2020 low around $12 on a crash isn’t outside the realm of possibility, especially if the stock market decides to pull a 1987 type crash.
In the immediate term it’s all about the US dollar with gold and commodities in general.
Strong dollar deflects greater inflation to most other economies .
Below 110 dxy and we get a decent gold pop, another dxy spike above 114 and you get a sell down.
In between, and it’s drip drip agony for those fully committed accumulating at successive lows with limited cash.
Today’s algos are the same ones that always show up. I am not impressed. They do not even try to mask their crimes. Why go to work?
I’m not on that treadmill but it paisses me off to see it happen to others.
It’s a mystery why Silvercorp(SVM) continues going down to a ridiculously low price when they are still minting money even at these low metals prices.
However, there are no solid property rights in China and with Biden poking the Panda, Xi could easily confiscate SVM assets.
We’ve had some experience with the Chinese legal system and those judges, lawyers, courts are a joke by western standards.