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Speaker 1: We are still about thirty percent off our highs that

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we hit in October when the silver price was at

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thirty five dollars, and that goes to show like a

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ten percent increase in the price of the metal can

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have a thirty percent impact on the price of the shares.

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The Financial Survival Network now more than network, the Financial

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Survival Network and welcome.

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Speaker 2: This is Financial Survival Network. I'm your host, Carrie Letz.

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We are connecting with Sean kuon Kuhn, CEO of Dolly

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Varden's Silver to get another sponsor update. We got some

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drill results out yesterday, Sean, and the wow. I'll tell

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you what. If anybody had any doubts about the Homesteak

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acquisition the Homesteak Ridge property, I think those doubts have

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been put to rest by now right absolutely.

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Speaker 1: And what's interesting is, you know, Dolly Varden acquired Homesteak

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back and we completed the transaction in the first quarter

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of twenty twenty two, so three years ago. And what

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really excited me was the Homesteak main deposit, which is

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where the bulk of the gold mineralization was located. But

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what's really emerging recently is home Steak Silver and just

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to put this into context. So you know, we're up

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in Northwest BC, We're in the Golden Triangle. We've got

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some of the richest best silver and gold mines on

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planet Earth, and the Dolly Varden mine, which was one

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of the richest silver mines in the British Empire, Canada's

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third largest producer. The silver is transitioning to silver and

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gold at home Steak silver and then it transitions to gold.

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And so the results that we put out on Monday

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are from Homesteake Silver and we're finding some really good

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silver and gold interceps and Carrie, you know, like for

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any of your viewers who may not be geologists, which

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I assume that's probably a lot of your viewers, right,

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like what makes a good drill hole? You know, what

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makes a discovery? And there was a presentation we had

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a couple of conferences up here in Vancouver recently and

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there was a mining analyst, a very famous mining analyst,

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Michael Gray, who talked about what the larger companies are

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looking for in gold discoveries and what and this is

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something very very simple that anybody who's consuming information news

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releases context from Explore cos Miners. If you take the

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grams of gold per ton, you take that gram per

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ton number and you multiply that by the number of meters.

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It's going to give you a calculation. So if we

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take Dolly Varden's headline and it was approximately twenty grams

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of gold over approximately eight meters, So if we're looking

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for the gram meter interval, what we get at Dolly

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Varden on that drill hole was over one hundred and

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sixty gram meters. And what Michael Gray talked about in

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his presentation at the Vancouver Resource Investment Conference and the

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Roundup Conference, the Technical conference is he talked about anything

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over one hundred gram meters is you know, and by

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many are suit seen as a discovery. So that's what

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you want to see if you can get to over

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one hundred grand meters. And at Dolly Varden we got

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over sixty eight percent of that in our last drill

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inter sex, so we're very very happy with homestake.

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Speaker 2: Yeah, well, it's definitely looking up and well, I guess

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the question is what happens for twenty twenty five.

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Speaker 1: Now that's a great question. And you know, when I

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look ahead at twenty twenty five, I'm just coming off

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the back of an exploration planning meeting that we had

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this morning with our team, and you know, we're looking at,

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you know, some of the upcoming dates, Carrie. We're looking

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at you know, May fifteenth as a date where we

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could be potentially drilling. We look at May first as

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a date where we're looking to open camp. And so

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we've got sixty days between now and when we are

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in the field out there exploring and hunting for new

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mineralization and growing and de risking these projects. And there's

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a lot of information that there's a lot of work

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that we need to do over the next two months

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in preparation for that drill planning. You know, two years

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ago we had over one hundred people up at sight,

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we had five drill rigs turn we drilled over fifty

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thousand meters. You know, these are big programs and it

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takes it in order to do it safely, in order

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to do it on time and under budget, you need

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to have the appropriate planning in place. And so the

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next sixty days are going to be spent not only

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as as as an internal team at Dolly Varden, but

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we'll also lean on one of our shareholders, who Heckla

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Mining is not only a shareholder, but one of their

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geologists is made up of our makes up our technical committee.

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We've also got a board member Michael Hendrickson that heads

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up that technical committee and a director, Rob McLeod, and

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our team will present you know, what we want to

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do in twenty twenty five, the forty thousand meters are

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drilling that we want to launch as an initial phase

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one drill program. The high priority targets will rank the

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targets well, and we'll make the case of why we

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want to go into the Wolf depart which is the

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new high grade silver deposit on the property that's showing

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a lot of growth and expansion potential. Why you know

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the last drill hole that we put out at Wolf,

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which we announced on January sixth, where it was one

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hundred and twenty meters step out hit. What I want

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to do is I want to backfill that to ensure

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continuity and ensure that we can get these ounces into

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a compliant resource estimate. But I also want to step out.

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I want to continue expanding and growing. So we'll hit Wolf,

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we'll hit Homestake silver, but there's a number of other targets,

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you know. I just learned something really new and exciting today,

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which is we could have another home steak deposit on

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our property. We've got an area that we refer to

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as red Point, and it's too early for me to

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give you all the details. These are things that are

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going to come out over the next sixty days. But

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we've got some new interpretation on how we can better

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explore that deposit, and so I'm really excited. There are

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there's ample targets. And the good news is, Kerrie, we

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have thirty three point nine million dollars in the treasury

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as of today, so we're fully equipped to go out

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and to do a big drill program, and I know

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it's a very, very very exciting time. We're also going

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to put out a usually summarizing all of the results

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from the twenty twenty four drill program, so you know,

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we'll look at where Dolly was going into the season,

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where we are today, and I look ahead at what

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we're going to be accomplishing in twenty twenty five.

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Speaker 2: And best of all, the metals markets are cooperating with you.

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Silver back over thirty two US dollars the oounce, and

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of course gold trading at all time highs looks like

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gold's on its way to three thousand.

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Speaker 1: And you know what's what's crazy for me carry is

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I'm just going to pull this up right now on

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my phone. You know, our project is located in Canada,

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and right now Spot Gold is over four thousand dollars

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an ounce. Four thousand and seventy five dollars is the

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bid on Spot Gold in Canadian dollar terms. You know,

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we talk a lot about silver not taking out its

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old all time high. Well, it's about two in Canadian

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dollar terms. I think it already has an azzi dollar terms.

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We're forty six, twenty five Canadian. This is a Canadian project,

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and you know, we are going to realize these mail

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prices in Canadian dollars, and it's it's a big opportunity

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for any US investor. You know, you're able to come

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up to Canada at like basically a one point five

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ratio and you can get fifty percent more Dolly vardenstock

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today with your US dollars.

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Speaker 2: Yeah, So the leverage that you have there, especially when

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considering the additional the recent drill results, the share really

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the leverage has just increased dramatically per share because the

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price has.

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Speaker 1: Absolutely we are still about thirty percent off our highs

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that we hit in October when the silver price was

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at thirty five dollars, and that goes to show like

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a ten percent increase in the price of the metal

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can have a thirty percent impact on the price of

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the shares. And that's why, you know, if you're investing,

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if you're speculating, if you're looking for torque in your

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money investments and in your metal investments, this is where

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the shares really And what's great, Carrie is today Bolli

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Varden is on three indexes, you know, so we are

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liquid enough. We are big enough to tracked the sill

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J and some of these ETFs, and that's very, very

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important from a liquidity standpoint. Sprot just announced a new ETF.

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We will be included in that as well, so that's

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a fourth and then you know, once our shares start

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trading over a million dollars a day in terms of liquidity,

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we might be included on something like the GDXJ. And

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you know, as this company grows and as it builds,

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you know, we are also looking to uplist on larger

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stock exchanges, introducing the company to even more investors. Both

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institutional but also retail.

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Speaker 2: Yeah, and effectively, I guess what I was saying is

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your ounces in the ground got even cheaper, more discounted

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than they already were.

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Speaker 1: And know, you know, you highlight a great point here.

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The disparity between metal price and metal equity has never

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been greater. And so you know, as we drill, as

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we put out positive drial results, and as the share

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price is still here, you know, at the it's around

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seventy three cents US. You know, it's still well off,

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it's its highs, and we've just made fundamentally made the

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company even better.

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Speaker 2: All right, So milestones for twenty twenty five catalytic events.

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What do you see ahead?

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Speaker 1: Again, we're at we're in this moment right now where

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we just put out yesterday the results from the twenty

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twenty four program. And you know, at a very very

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high level, you know, the overall goal of this company

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is to create a company that becomes a top ten

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silver cup coot. That's the that's the big vision here

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and it has been for five years. And that vision,

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you know, it hasn't changed now that we're a three

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hundred and twenty million dollar company. You know, it's still

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the same vision it was when we were twenty million

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dollar company five years ago. So the overall goal here

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is my mission for this company is to create a

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top ten silver coat, and we either become one ourselves

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by developing and growing this asset, or we get acquired

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by a company that's already an existing top ten silver

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equity and hence we get absorbed into that story and

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we become a pipeline project into that larger co. So

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that's the overall goal. Now, how do we get there, Well,

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we get there through doing what we have done in

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the past, which is continue to systematically grow this company

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through adding high quality ounces in the ground. And we

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can do that through drilling, we can do that through acquisitions,

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and so it's really about putting together a systematic, aggressive

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exploration program and continue to have success with the drill

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bit expanding and extending high grade silver and gold mineralization.

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Speaker 2: All right, and the rising prices certainly help help everything

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look better over time.

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Speaker 1: I just I just hope they're outpacing the rising inflation.

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Speaker 2: Yeah, well it's about time they started, I would say.

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So you want to go over to the company's website,

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Dollyvordensilver dot com. Sign up for notifications so you get

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the latest news and the ticker symbols in the US

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do O, l l F and of course in candidate DV. Shawn,

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thanks for coming on. We'll talk to you again real soon.

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Speaker 1: Thanks for having me, Harry, Thank you. The Financial Survival

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Network