SilverCrest Metals – We answer your questions regarding the upcoming Feasibility Study, drill targets, and recent pullback in the stock

October 9, 2020

Chris Ritchie, President of SilverCrest Mines (TSX:SIL – NYSE:SILV) joins me to answer some of the questions that have been emailed to me. We discuss everything from the upcoming feasibility and market valuation of the Company, to current drill plans and the pullback in the stock price.

Please keep the emails coming to

Click here to visit the SilverCrest Metals website and read over the Company presentation.

    Oct 09, 2020 09:51 AM

    Thanks, Cory. I was wondering.

    Oct 09, 2020 09:05 AM

    Date Transaction
    Date Insider Name Ownership
    Type Securities Nature of transaction Volume or Value Price

    Sep 23/20 Sep 14/20 Hassan, Tara Direct Ownership Options 00 – Opening Balance-Initial SEDI Report 100,000

    Jul 27/20 Jul 24/20 Glanville, Ross Owen Direct Ownership Common Shares 11 – Disposition carried out privately -100,000 $13.40

    Jul 12/20 Jul 9/20 Yong, Anne Direct Ownership Common Shares 10 – Disposition in the public market -10,000 $12.89

    Jul 12/20 Jul 9/20 Yong, Anne Direct Ownership Common Shares 51 – Exercise of options 10,000 $1.88

    Jul 12/20 Jul 9/20 Yong, Anne Direct Ownership Options 51 – Exercise of options -10,000

    Jul 9/20 Jul 8/20 Thody, Graham Campbell Direct Ownership Common Shares 10 – Disposition in the public market -150,000 $12.54

    Jul 9/20 Jul 8/20 Thody, Graham Campbell Direct Ownership Common Shares 51 – Exercise of options 150,000 $2.30

    Jul 9/20 Jul 8/20 Thody, Graham Campbell Direct Ownership Options 51 – Exercise of options -150,000 $2.30

    Jul 5/20 Jul 2/20 Yong, Anne Direct Ownership Common Shares 10 – Disposition in the public market -6,800 $12.69

    Jul 5/20 Jul 2/20 Yong, Anne Direct Ownership Common Shares 51 – Exercise of options 6,800 $1.88

    Oct 09, 2020 09:35 AM

    Sprott was interviewed by Craig Hemke yesterday rather than this morning. Sprott’s miner mentions: Northstar in AUS merged with someone, Blackrock Gold, Amex, Newfound Gold (Knockout drill results of week in his opinion), Vizsla, Silvercrest, Pure Gold and Paladium One.

      Oct 09, 2020 09:03 AM

      Palladium = Paladium

      Oct 09, 2020 09:25 PM

      Thanks for the recap David, as I still haven’t had a chance to listen to Eric & Craig’s weekly wrap yet.

      I must tip my hat and say thanks to Vizsla for helping me win a Silver coin in the Summer stock picking contest over at 🙂


      Summer Stock Contest Winners
      by @EvenPrime on 7 Oct 2020

      1,445 contestants entered the contest. Of those, 830 contestants joined the bonus prizes.

        Oct 09, 2020 09:06 PM

        Great job Ex. I think what killed me was Freegold. It decided to go down after a big runup. Michael Konnert(Sp) also did well picking his own company (Vizsla). Talk about win-win.

          Oct 10, 2020 10:26 AM

          Thanks David. Yes, with Freegold, I was in recently for a quick flip, but I’m considering getting back in for the longer haul, as they have some nice resources in the ground, have been doing well with recent exploration, and still represent an interesting opportunity to become a solid development play.

          As for Michael K yes he knocked it out of the park with his summer stock picks, and of course with his company Vizsla, so quite the win-win. However, he didn’t sign up for EvenPrime’s email lists, so he didn’t win the silver ounce so maybe a win-lose-win. Ha!

        Oct 09, 2020 09:13 PM

        NICE EX………..CONGRADS………..on the SILVER COIN………..
        nice to be in the contest and win something……..

          Oct 09, 2020 09:15 PM

          Glen is going to be asking for a loan now……since you are rich……… 🙂

            Oct 10, 2020 10:21 AM

            Thanks OOTB. Haha! Yes, I’m just sit on that 1 silver ounce and bask in retirement.

            I’m hoping on Glen’s next update he feels we are mostly though the correction, or want to see if the October 16-23 zone is still where he feels we’ll see the lowest prices before the next leg higher in the PMs.

    Oct 09, 2020 09:33 PM

    Good Silvercrest (SIL) (SILV) interview today guys. Much appreciated.

    Oct 09, 2020 09:40 PM

    I Am Only Doing This Once In My Career… And It Was Worth It

    October 9, 2020 – LinkedIn

    Ivan Bebek -Executive Chairman and Director at (AUG) Auryn Resources Inc.

    “Today marks the last trading day before (AUG) Auryn Splits into three premier Exploration and Development Companies:”

    “If I was asked if Auryn would be trading 5 years after we started the company, I would have said no – I would have speculated that it would be bought out successfully after a discovery like our last company Cayden by now. The commodity markets have changed for the better and we have come up with a far better way to reward shareholders than one performing company. On the back of over $100 million raised and spent with some of the best technical teams and natural resource investors in the mining space over the last 5 years we finally came to the opportunity to create much more value for shareholders than 1 company takeover – we have created the opportunity to have 3.”

    “We have done this with a tremendous amount of strategic planning behind the most transformational event in Auryn’s history. It’s well timed with the commodity cycle, maturity of exploration towards the major discoveries on each project and we have the necessary teams needed to achieve tremendous success in each of these companies going forward.”

    “Fury gold Mines – to take over Auryn’s symbol next week as “FURY” has a mission to become a Major Canadian gold mining company and it will start with a major catalyst – 50,000 meter drill program November 1st on one of its key assets under the helm of Mike Timmins the President and CEO who plans to unleash the fury of growth for shareholders.”

      Oct 09, 2020 09:42 PM

      Here is one of the spin out companies that Auryn shareholders on record this week will receive in February:

      “Tier One Metals will follow with a plan to seek listing in February 2021 as a premier silver and gold exploration company in Peru with many big ambitions in the true style of (AUG) Auryn. At Tier One we plan to acquire more premier exploration opportunities to increase our home run odds and come back to market with drill permits in hand on one or more world class precious metal opportunities.”

        Oct 09, 2020 09:43 PM

        Here is the other spin-out company that Auryn shareholders this week will receive in March of next year:

        “Sombrero Resources – is a once in a lifetime opportunity to make one of the larger copper discoveries in the world in southern Peru. The Sombrero project is composed of over 130,000 hectares which were carefully screened to assemble a fertile district scale land position. We believe the Sombrero Project represents the opportunity for multiple major discoveries, our thesis is that we have extended the world famous Andahualyas-yauri belt which hosts multiple world class mines including the 10th largest copper producer globally, “Las Bambas” by 200km to the west in a highly under-explored area. Our first target is analogous to Las Bamabas and the other mines on the belt in scale, style of mineralization, age of the events “Eocene” and grade. We plan is to seek listing in March 2021 with drill.”

    Oct 09, 2020 09:43 PM

    EX………You are FREE……..the Honey Dew list must have gotten taken care of…. 🙂

      Oct 09, 2020 09:58 PM

      Hi OOTB. Haha! No the Honey Dooooo list is still miles long, and we’ve been doing flooring, painting walls, packing stuff, running errands like crazy all week. I just was taking a quick break before the next wave begins. We are listing the house next week, then the real adventure begins…

      Just popping on for a quick post. Yes, this was a pretty positive day in the mining stocks overall, and it was also the last day of trading with Auryn Resources, who is combining with Eastmain Resources on Monday to form “Fury Gold”; while simultaneously spinning out 2 new companies (Tier One Metals & Sombrero Resources) to shareholders on record as of yesterday in the 1st quarter of 2021. It just seemed like pretty big news for all 4 companies and worth a shout out.

      AUG was up over 9% on the day and ER was up about 10%, so that’s a nice way to end the week.


      Since both Auryn and Eastmain are followed here by some investors and they are also a KER show sponsor, then I thought I’d celebrate that news, as a fellow shareholder in both Auryn and Eastmain myself.

        Oct 09, 2020 09:14 PM

        Hoping your house sales quick…….You deserve a break in the action….of Honey Do Do…

          Oct 09, 2020 09:34 PM

          Thanks OOTB. She just came in and saw me on the computer so I got to get busy. (LOL!) 🙂

            Oct 09, 2020 09:48 PM

            CHeers…….. 🙂

        Oct 09, 2020 09:51 PM

        Thanks for the post Ex!

          Oct 10, 2020 10:28 AM

          Hey Charles. Yeah, I’m curious to see how things go with Auryn rolling up Eastmain into Fury Gold, and also how the 2 new Peruvian companies do starting in late Q1 of next year. Fury starts trading next week, but we’ll have to see how things go with Tier One Metals and Sombrero Resources in Feb & March. Until then…. Ever Upward!

            Oct 10, 2020 10:23 AM

            I will be interested to see how Fury trades next week.

    Oct 09, 2020 09:46 PM

    I think you popped in on a good day……….GOLD at $1932……a little above our $1923 number….of the Full Cup…. 🙂
    Maybe GLEN, will give us a thought……