Opinions
Rick Rule
Dolly Varden Silver
DV-X
COMMENT
Aug 11, 2016
Stock price when the opinion was issued
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Latest results pretty good, with the highest silver assays reported to date.
Strike length has increased and high-grade veins continue to be hit.
IF (a big if) DV can connect the two zones then mineralization will increase materially.
More infill drilling needs to be done, but the company just raised $23M and should have an active 2023.
Three large shareholders (Auryn 25%, Hecla 11.5%, Eric Sprott 11%) continue to offer strong support.
12-month cash burn was $18M so more capital will be needed eventually.
More needs to be done here, but the company continues in the right direction with development.
It certainly has some potential as a developer if nice holes can continue.
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Thinks the future of this company is in Heckla’s hands. There is a bit of a contest for the company. Sprott tried to become a shareholder and is a lender to the company. Thinks their time on earth is fairly short and that they will disappear.