Silver Tiger Metals – PEA For The Open Pit Portion Of The El Tigre Silver-Gold Project; After-Tax NPV of US$287, IRR of 55.8%

November 6, 2023

Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF) (“Silver Tiger”) joined us last week at the New Orleans Investment Conference to highlight the Preliminary Economic Assessment (“PEA”), released on November 1st. The PEA encompasses the open pit portion of the resource at the El Tigre Silver-Gold Project in Mexico.


We start by recapping the key financial numbers such as NPV, IRR and initial and sustaining capital costs. We also discuss sensitivities to lower silver and gold prices. Glenn explains what the open pit resource encompasses and how the underground component fits it to the bigger picture. Following up on the bigger picture strategy we have Glenn explain how Silver Tiger is planning on balancing out the option of bringing into production the open pit resource vs. working on the economics of the underground resource vs. all the exploration potential on the Project.


If you have any follow up questions for Glenn please email us at and


  • In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording.




Click here to read over the full news release announcing the PEA results.

    Nov 06, 2023 06:33 PM

    I would like to share some Due Diligence on a company called Maritime Resources. I sent an e-mail out to the heavy hitters here but haven’t heard back. New Found Gold Corp. (SYL- NFG) concluded a Private Placement today where they raised $56 million, a staggering amount in this bear market. But my focus is on Maritime Resources. I believe we are now coming out of the doldrums in relation to the micro-cap juniors in this sector. Remember always do your own Due Diligence.

    1. Both Dundee Precious Metals, Sprott, and NFG are shareholders of Maritime Resources, also I believe that Jayant Bhandari has a big position.

    2. All Newfoundland gold is sulfides and Maritime has floatation facilities to process those, store and ship those to refiners from its Point Rousse deepwater port.

    3. Maritimes two gold mills (Pine cove was recently acquired and was put on care and maintenance in March 2023) are capable of base metal processing. Until NFG constructs its own mills for ore processing they will be dependent on Maritime. It will probably be another 10 years before NFG can get their own mills up and running even if a decision is made by 2024. To process NFG’s ore it is about 15 km. by truck to Pine Cove.

    4. Replacement costs for Maritimes two mills would probably be in the $billion range after inflation.

    5. In conclusion Maritime (SYL-MAE) is a potential target from the guerilla in the room and Maritimes market cap is around $24 million. I think NFG will prove up to 25-30 million ounces of gold.

    Nov 06, 2023 06:13 PM

    I see my Bayhorse Silver is up another 40% today, these juniors are what Doug Casey described as match sticks when they burn it is for a short fast time. First you must find them and then you must buy them before the stampede starts. But Bayhorse is only just leaving the gate! LOL! DT

    Nov 07, 2023 07:05 AM

    (SLVR) Silver Tiger Metals, 03 November 2023 – Target Price: ⬆️$1.20

    SCP Equity Research, Brock Salier

    “While peer UG developers are unlikely to be able to fund large reserves with equity given current weak markets, SLVR’s ability to use OP heap leaching to fund the regional drilling and UG development (permitted 800tpd UG mine) is a genuine strategic advantage, in a commodity that has form for doubling, silver.”