Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF) joins us for an exploration and development update with work building towards a Pre-Feasibility Study (PFS) on the open-pit mine at the El Tigre Silver-Gold Project in Mexico.
We start by recapping the PEA put out the latter part of last year with those key financial numbers such as NPV, IRR and initial and sustaining capital costs, and how he expects the trends to develop now moving into the PFS. There has been a lot of drilling done to move categories from inferred into indicated, as well as metallurgical testing, preliminary engineering work, permitting, and social licensing. We also discuss the sensitivities to both lower and higher silver and gold prices, and just how robust the initial economics look, at anywhere close to today’s metals prices.
Glenn expands on the bigger picture vision for the company, and how the open pit resource on the oxide and stockwork is just the beginning, and then how the fully permitted underground component fits into the longer-term growth plans for the Company. There will be an initial Preliminary Economic Assessment (PEA) on the underground mining slated to be released in the middle of next year.
If you have any follow up questions for Glenn about Silver Tiger, then please email us at Shad@kereport.com or Fleck@kereport.com.
- In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording.
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