Aug 5, 2020
Right now Greg Crowe and SilverOne Resources (sponsor) are sitting pretty. Silver has rocketed back from its sub $12 March low, to a close last Friday of $24.47. The company's recently completed over-subscribed financing has left it with a large cash position (C$13-$14mm). It's starting the process of updating its 43-101 resource estimate and is moving past its Covid induced delay. However, it was able to keep working on its Arizona-based Silver Phoenix project, site of an amazing find, a 417 pound sample containing 70% silver. Its Cherokee project is also moving forward, with people getting ready to get back to work. With all this going on, it probably won't be long before SilverOne achieves its goal of becoming a premiere silver-focused exploration and development company.