Wildcat Silver (WS.TO)

19 posts / 0 new
Last post
Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
Wildcat Silver (WS.TO)

Hi all,

I haven't seen any posts lately discussing Wildcat Silver.  From the research I've done it seems to be a quite rich silver/manganese property located in a friendly mining jurisdiction (Arizona) with Silver Wheaton as a shareholder and first right at any silver streaming if they decide to go that way.  If I remember right (been probably a year since I've really looked at it), they had something like 120 million ounces of silver alone with a good potential to double that.  Also, I believe they are releasing updated reserves in early 2012 here which might give the stock a nice pop?

Just curios anyone has an opinion on Wildcat as I obviously don't have a in depth knowledge of the company.  On the surface it seems to be a really nice play.

Thanks,

Koddo

Edited by admin on 11/08/2014 - 06:08
vamoose1
vamoose1's picture
Offline
Joined: 06/17/2011
Posts: 371
wildcat

It appears on a list of top ten silver companies on  Motley Fool  i think. Its very interesting. I like that it is located in the US.

   You mention Silver wheaton. Do they have "first dibs" on Wildcat? 

   You may  know that Hecla just had their idaho mine shut down. safety issues. Its supposed to reopen  in a year.................but who  knows ,  its so bloody deep. 

Hecla ia quite cash rich. Some people have suggested that hecla might   "look" at Wildcat, in case their  own mine stays closed. just a thought.

¤
¤'s picture
Offline
Joined: 06/14/2011
Hat Tips: 92321
Posts: 18245
Wildcat

I hear you both on Wildcat for those very reasons.

I've been following it for over a year and like what I see and how it weathered this whole market churn that's been going on and in the PM's specifically. It's hung in there as is poised to claw upwards.  

Bad pun intended and accomplished.

__________________

An epic lack of foresight, accuracy and humility over 3 1/2 years ago. Once a pumper, always a pumper!
http://www.tfmetalsreport.com/comment/170246#comment-170246

Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
http://www.wildcatsilver.com/

http://www.wildcatsilver.com/News/News-Releases/News-Release-Details/2011/Wildcat-Closes-13-Million-Private-Placement-With-Silver-Wheaton/default.aspx

Article about Silver Wheaton's position.  Essentially made a $13 million investment in common shares with first right of providing silver stream financing.  So Wildcat isn't locked into anything with Silver Wheaton yet, but SLW has first dibs.

I was also reading about their manganese (3.5 million tons)......apparently this is one of very few deposits of manganese in North America which is considered a rare earth.  I believe American Manganese might be the only other player with a large deposits?

I've had this stock coming on a year about....purchased at $1.30.  Rode the up and down, but still ahead.  The more you read about this company/property the more promising it looks.  Anyone have some beef with this company or something that I'm missing?

Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
.

.

Gwyde
Gwyde's picture
Offline
Joined: 08/29/2011
Hat Tips: 2258
Posts: 728
RE: http://www.wildcatsilver.com/

I'm not quite following in the Manganese story. According to what I find on Wiki, Mn is nor a rare earth nor very rare. Mn is about 1000 times less abundant than silicon (used as the 'yardstick'). It is more abundant than zinc or copper.

Gold is a billion times rarer and silver over 10 million times rarer. Most real 'rare earths' are between 100,000 and over a million times rarer than silicon. Perhaps the Mn grade can make the big difference. Finding 5% by weight manganese will make it profitable.

http://en.wikipedia.org/wiki/File:Elemental_abundances.svg

Wildcat Silver is included on the GoldMinerPulse list. (www.GoldMinerPulse.com). It's the silver stock with the best track record since I started following that miners-database in Autumn 2010.

__________________

Gwyde

Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
Ore Grade/ recent drilling results

In attempt to jump start the conversation on Wildcat, I present the following drill results from September, 2011:

Release can be found here: http://www.wildcatsilver.com/News/News-Releases/News-Release-Details/2011/Wildcat-announces-additional-drill-results-including-4832-gt-silver-over-229-metres1126708/default.aspx

Hole From
(metres)
To
(metres)
Interval
(metres)
Ag
g/t
Mn
%
Zn
%
Pb
%
Cu
%
HDS-173 114.9 131.7 16.8 89.3 0.03 0.02 0.55 0.06
HDS-173 338.3 350.6 12.3 31.5 9.27 2.46 2.80 0.08
                 
HDS-189 61.0 94.5 33.5 46.5 0.01 0.02 0.19 0.02
HDS-189 147.9 195.1 47.3 246.6 7.44 0.65 1.27 0.11
HDS-189 205.8 225.6 19.8 433.6 4.98 1.93 1.23 0.24
HDS-189 277.4 289.6 12.2 75.2 1.15 0.21 0.29 0.04
                 
HDS-190 157.0 182.9 25.9 79.0 17.76 2.11 3.08 0.09
HDS-190 182.9 222.6 39.6 15.1 15.43 4.06 0.59 0.02
                 
HDS-192 36.6 59.5 22.9 483.2 15.5 2.5 2.8 0.2
HDS-192 71.6 76.2 4.6 138.5 12.3 3.3 1.1 0.1

Now I don't pretend to have the experience of evaluating drill results that some other posters may have, but I do actively read drill results from many other companies.  It seems that many people get really excited over drill results from other company that are not as half as good as the one above. 

Maybe some of the senior gold-silver junior mining sleuths would care to comment on the ore grade?  I look at many other silver juniors out there, some that posters here are absolutely gaga over, and they seem to have nothing close to the richness of this deposit.

Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
Resource increase annoucement

Ol' Wildcat was on a tear last week.  I almost suspect some information leaks/insider trading... the stock flies up late last week on no news (20%+ gain followed by another 10-15% on day 2), and this was AFTER the broad based runup in the PM stocks which took place earlier in the week.  Today they announce a big increase in reserves ( 120 million ounces of silver I+I  ---> 269 million ounces I+I) and the stock is up 5% most of the day and ends up at even.  So it seems to suggest that the insiders buying late last week knew about the substantial resource increase coming, bought heavily, and the stock moves meh today as if the news is baked in.  Maybe I'm just looking too much into it....but at any rate im happy with the runup. 

rock collector
rock collector's picture
Offline
Joined: 06/14/2011
Hat Tips: 2216
Posts: 178
Wildcat Drill Results Include 54.9 Metres of 236.8 g/t Silv

Here's an excerpt:
Hole HDS-308, an infill drill hole within the Hermosa resource area, was drilled for metallurgical sample material.  Assay results from this drill hole continue to support the resource and indicate the robust nature of the Manto Oxide ore type. This drill hole intersected four distinct zones of mineralization with the best interval returning 54.9 metres of 236.8 g/t silver, 7.41% manganese, 2.21% zinc, 1.18% lead and 0.13% copper. 

Wildcat's Hermosa property is located in Santa Cruz County, Arizona.
Full article at: http://www.silverstrategies.com/story.aspx?local=h&id=83249

 

Stoxxman
Stoxxman's picture
Offline
Joined: 10/17/2011
Hat Tips: 4511
Posts: 430
Good numbers from WS

http://pennystockjournal.blogspot.com/search/label/Wildcat%20Silver%20Corporation

Pages%2Bfrom%2BWS%2BInvestor%2BPresentat Wildcat Silver Corporation - WS.t is advancing an 80% interest in the Hermosa silver project in Arizona.

Hermosa's resource includes an indicated resource of 171 million ounces of silver in addition to an inferred resource of 99 million ounces of silver.

imagesCAYAWV56.jpg

Latest is all good and paper appears cheap.

imagesCAGWCPIF.jpgfrontpage1.jpg imagesCAMXG5OM.jpg

Silver Spurs
Silver Spurs's picture
Offline
Joined: 09/17/2011
Hat Tips: 398
Posts: 144
Wildcat

Bought about a year or so ago, when share price doubled I sold.  Now looking at W  again.  I like the location and the drill results.

Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
Updated PEA release

http://finance.yahoo.com/news/wildcat-silver-updated-pea-more-113000502.html;_ylt=Ao8TKFqt69pvsJfTH31LkG6iuYdG;_ylu=X3oDMTIxZnFkZmV2BG1pdANXaWRlIFF1b3RlcyBNb2R1bGUEcG9zAzQxBHNlYwNNZWRpYVJlY2VudFF1b3Rlc1BvcnRmb2xpb3NXaWRl;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

This is my favorite silver junior.  I think this PEA is really strong especially considering they aren't even including the significant manganese and zinc resources which the property contains. 

Silver production in the first five years averaging 15 million ounces annually.  Year one producing 23 million ounces.

I don't see how this junior will not get bought out.  Total resource base now of around 300 million ounces of silver, tons of manganese and zinc to boot.  Located in AZ.  I am missing something?

zman
zman's picture
Offline
Joined: 06/15/2011
Hat Tips: 4039
Posts: 1087
I hear you Koddo,  this

I hear you Koddo,  this should be a buyout at some point, my question is when would production start?    With just a 170 million market cap, this stock is dirt cheap,  I am also wondering, am I also missing something?

rock collector
rock collector's picture
Offline
Joined: 06/14/2011
Hat Tips: 2216
Posts: 178
More Highlights from the Hermosa PEA

Highlights from the Hermosa PEA include:

  • Average annual silver production of 15.5 million ounces (first five years), with years one and two producing 23.4 million ounces and 19.8 million ounces, respectively.
  • Mine life of 16 years
  • Base case* - After-tax NPV (5%) of $658 million, after-tax IRR of 31.9%, and payback of 1.7 years
  • Spot case* - After-tax NPV (5%) of $1.05 billion, after-tax IRR of 43.4% and payback of 1.4  years
  • Average cash costs of $8.29 per ounce, net of gold and minor copper by-product credits (first five years)
  • Average throughput of 14,920 tonnes per day (tpd), or 5.44 million tonnes per annum (tpa)
  • Initial capital expenditures of $627 million (includes 25% contingency of $96 million)

* Base case assumes a silver price of $28.75/oz, gold price of $1,525 and a copper price of $3.50/lb. Spot case assumes a silver price of $34.60, gold price of $1,773 and copper price of $3.73.   NPV = Net Present Value; IRR = Internal Rate of Return.

GoldistheFuture
GoldistheFuture's picture
Offline
Joined: 06/22/2011
Hat Tips: 1804
Posts: 152
Is that possible?

"Year one producing 23 million ounces".  WOW!  That is a big number.  I read that this morning and thought it was a typo. lol

__________________

Stupid is, is what stupid does...

Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
Up 10%..

The cat is up 10% on good volume today.  Been up nicely a few days in a row now.  /claw /claw

Koddo
Koddo's picture
Offline
Joined: 09/10/2011
Hat Tips: 1618
Posts: 45
Holding up

The cat is holding up quite well (so far) in the face of this recent selloff in PM's.  Cat is up 11% on big volume today when silver is down 2.3%.

yes

zman
zman's picture
Offline
Joined: 06/15/2011
Hat Tips: 4039
Posts: 1087
Koddo wrote: The cat is

Koddo wrote:

The cat is holding up quite well (so far) in the face of this recent selloff in PM's.  Cat is up 11% on big volume today when silver is down 2.3%.

yes

I got my shares earlier this week on weakness.  One of the cheapest silver per oz plays out there, plus in a safe area, plus a great mineral deposit.  Lots of good reasons to own this one!!!

rock collector
rock collector's picture
Offline
Joined: 06/14/2011
Hat Tips: 2216
Posts: 178
Wildcat Silver reports significant drill results - January 10

VANCOUVER , Jan. 10, 2013 /CNW/ - Wildcat Silver Corporation (WS.TO) ("Wildcat" or "the Company") is pleased to announce the results for six drill holes completed on the Company's Hermosa property located in Santa Cruz County, Arizona. These reverse circulation drill holes, located in the centre of the proposed open pit, were undertaken to validate certain historic results and upgrade the mineral resource estimate. They were also designed to test the depth of the resource in areas of historic shallow rotary-hole infill drilling and provide representative material for additional metallurgical testing.

The new drilling confirmed the results from the historic drilling.  In addition, drill hole HDS-329 increased the thickness of the higher grade Manto Oxide Zone mineralization by approximately 23 metres beyond what was tested by previously drilled hole HDS-15.  Significant intercepts include HDS-324 returning 44.2 metres of 219.8 g/t silver and 5.09% manganese, HDS-326 returning 13.7 metres of 338.1 g/t silver and 9.91% manganese and HDS-327 returning 64.0 metres of 151.6 g/t silver.

Full article at: http://www.silverstrategies.com/story.aspx?local=h&id=85367

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Topic locked
Syndicate contentComments for "Wildcat Silver (WS.TO)"