SNS Silver is a steal at .15. They are drilling Emerald Lake in Ontario which is a 600,000 oz past producing mine that has a lot of infrastructure in place.
The program has been very successful being expanded from an initial 17 hole 3700m program to a 30 hole 6000m program. The latest news release Mar. 30 stated that they hit a wide intercept of about 70m which is a step out hole 250m on strike East of the old mine workings which has never been drilled. Emerald Lake could be a company changer for SNS Silver and could easily add well over a million ounces at Emerald Lake. With a lot of mining infrastructure already in place at Emerald Lake SNS Silver with a $6M market cap is a steal.
They will be releasing the results of the program when they have all assays in and have a clear picture of what they got at Emerald Lake. This could be a resource that could be in excess of 2M oz when all said and done and will receive a very nice price if they can attain that mark. If they continue to delineate more ounces to the east of Emerald Lake on strike to the East then the potential for this company is truly blue sky.
Here is hoping that hole 25 is a discovery of an extension of Emerald Lake.
The market has not paid much attention to the success at Emerald Lake until the assays come back so there is little hype and premium built into this stock if any.