Press release from Newsfile Corp
SilverCrest Mines Receives Outperform Rating on National TV by StoneCap Securities Analyst Christos Doulis
Friday, June 14, 2013
SilverCrest Mines Receives Outperform Rating on National TV by StoneCap Securities Analyst Christos Doulis13:51 EDT Friday, June 14, 2013
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2013) - SilverCrest Mines (TSXV: SVL) (NYSE MKT: SVLC) was highlighted in a recent interview of Christos Doulis by BNN's commodities' anchor, Andrew Bell.
Christos Doulis, analyst at StoneCap Securities, discussed the outlook for silver, and SilverCrest Mines, the only silver equity that he ranks as an outperform. He gives the company a 12-month target price of $2.75, a 55% premium to the current $1.77 price.
SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico.
The mine is a high-grade, epithermal gold and silver deposit, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine.
InvestmentPitch's Ted Ohashi, along with Silver-Investor's David Morgan, recently interviewed SilverCrest President, J. Scott Drever. That interview can be viewed here, or if this link is not enabled please visit www.InvestmentPitch.com and enter "SilverCrest" in the search box.
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing three minute videos based on news releases and research reports.
Barry Morgan, CFO