Speaker 1: We are still about thirty percent off our highs that
we hit in October when the silver price was at
thirty five dollars, and that goes to show like a
ten percent increase in the price of the metal can
have a thirty percent impact on the price of the shares.
The Financial Survival Network now more than network, the Financial
Survival Network and welcome.
Speaker 2: This is Financial Survival Network. I'm your host, Carrie Letz.
We are connecting with Sean kuon Kuhn, CEO of Dolly
Varden's Silver to get another sponsor update. We got some
drill results out yesterday, Sean, and the wow. I'll tell
you what. If anybody had any doubts about the Homesteak
acquisition the Homesteak Ridge property, I think those doubts have
been put to rest by now right absolutely.
Speaker 1: And what's interesting is, you know, Dolly Varden acquired Homesteak
back and we completed the transaction in the first quarter
of twenty twenty two, so three years ago. And what
really excited me was the Homesteak main deposit, which is
where the bulk of the gold mineralization was located. But
what's really emerging recently is home Steak Silver and just
to put this into context. So you know, we're up
in Northwest BC, We're in the Golden Triangle. We've got
some of the richest best silver and gold mines on
planet Earth, and the Dolly Varden mine, which was one
of the richest silver mines in the British Empire, Canada's
third largest producer. The silver is transitioning to silver and
gold at home Steak silver and then it transitions to gold.
And so the results that we put out on Monday
are from Homesteake Silver and we're finding some really good
silver and gold interceps and Carrie, you know, like for
any of your viewers who may not be geologists, which
I assume that's probably a lot of your viewers, right,
like what makes a good drill hole? You know, what
makes a discovery? And there was a presentation we had
a couple of conferences up here in Vancouver recently and
there was a mining analyst, a very famous mining analyst,
Michael Gray, who talked about what the larger companies are
looking for in gold discoveries and what and this is
something very very simple that anybody who's consuming information news
releases context from Explore cos Miners. If you take the
grams of gold per ton, you take that gram per
ton number and you multiply that by the number of meters.
It's going to give you a calculation. So if we
take Dolly Varden's headline and it was approximately twenty grams
of gold over approximately eight meters, So if we're looking
for the gram meter interval, what we get at Dolly
Varden on that drill hole was over one hundred and
sixty gram meters. And what Michael Gray talked about in
his presentation at the Vancouver Resource Investment Conference and the
Roundup Conference, the Technical conference is he talked about anything
over one hundred gram meters is you know, and by
many are suit seen as a discovery. So that's what
you want to see if you can get to over
one hundred grand meters. And at Dolly Varden we got
over sixty eight percent of that in our last drill
inter sex, so we're very very happy with homestake.
Speaker 2: Yeah, well, it's definitely looking up and well, I guess
the question is what happens for twenty twenty five.
Speaker 1: Now that's a great question. And you know, when I
look ahead at twenty twenty five, I'm just coming off
the back of an exploration planning meeting that we had
this morning with our team, and you know, we're looking at,
you know, some of the upcoming dates, Carrie. We're looking
at you know, May fifteenth as a date where we
could be potentially drilling. We look at May first as
a date where we're looking to open camp. And so
we've got sixty days between now and when we are
in the field out there exploring and hunting for new
mineralization and growing and de risking these projects. And there's
a lot of information that there's a lot of work
that we need to do over the next two months
in preparation for that drill planning. You know, two years
ago we had over one hundred people up at sight,
we had five drill rigs turn we drilled over fifty
thousand meters. You know, these are big programs and it
takes it in order to do it safely, in order
to do it on time and under budget, you need
to have the appropriate planning in place. And so the
next sixty days are going to be spent not only
as as as an internal team at Dolly Varden, but
we'll also lean on one of our shareholders, who Heckla
Mining is not only a shareholder, but one of their
geologists is made up of our makes up our technical committee.
We've also got a board member Michael Hendrickson that heads
up that technical committee and a director, Rob McLeod, and
our team will present you know, what we want to
do in twenty twenty five, the forty thousand meters are
drilling that we want to launch as an initial phase
one drill program. The high priority targets will rank the
targets well, and we'll make the case of why we
want to go into the Wolf depart which is the
new high grade silver deposit on the property that's showing
a lot of growth and expansion potential. Why you know
the last drill hole that we put out at Wolf,
which we announced on January sixth, where it was one
hundred and twenty meters step out hit. What I want
to do is I want to backfill that to ensure
continuity and ensure that we can get these ounces into
a compliant resource estimate. But I also want to step out.
I want to continue expanding and growing. So we'll hit Wolf,
we'll hit Homestake silver, but there's a number of other targets,
you know. I just learned something really new and exciting today,
which is we could have another home steak deposit on
our property. We've got an area that we refer to
as red Point, and it's too early for me to
give you all the details. These are things that are
going to come out over the next sixty days. But
we've got some new interpretation on how we can better
explore that deposit, and so I'm really excited. There are
there's ample targets. And the good news is, Kerrie, we
have thirty three point nine million dollars in the treasury
as of today, so we're fully equipped to go out
and to do a big drill program, and I know
it's a very, very very exciting time. We're also going
to put out a usually summarizing all of the results
from the twenty twenty four drill program, so you know,
we'll look at where Dolly was going into the season,
where we are today, and I look ahead at what
we're going to be accomplishing in twenty twenty five.
Speaker 2: And best of all, the metals markets are cooperating with you.
Silver back over thirty two US dollars the oounce, and
of course gold trading at all time highs looks like
gold's on its way to three thousand.
Speaker 1: And you know what's what's crazy for me carry is
I'm just going to pull this up right now on
my phone. You know, our project is located in Canada,
and right now Spot Gold is over four thousand dollars
an ounce. Four thousand and seventy five dollars is the
bid on Spot Gold in Canadian dollar terms. You know,
we talk a lot about silver not taking out its
old all time high. Well, it's about two in Canadian
dollar terms. I think it already has an azzi dollar terms.
We're forty six, twenty five Canadian. This is a Canadian project,
and you know, we are going to realize these mail
prices in Canadian dollars, and it's it's a big opportunity
for any US investor. You know, you're able to come
up to Canada at like basically a one point five
ratio and you can get fifty percent more Dolly vardenstock
today with your US dollars.
Speaker 2: Yeah, So the leverage that you have there, especially when
considering the additional the recent drill results, the share really
the leverage has just increased dramatically per share because the
price has.
Speaker 1: Absolutely we are still about thirty percent off our highs
that we hit in October when the silver price was
at thirty five dollars, and that goes to show like
a ten percent increase in the price of the metal
can have a thirty percent impact on the price of
the shares. And that's why, you know, if you're investing,
if you're speculating, if you're looking for torque in your
money investments and in your metal investments, this is where
the shares really And what's great, Carrie is today Bolli
Varden is on three indexes, you know, so we are
liquid enough. We are big enough to tracked the sill
J and some of these ETFs, and that's very, very
important from a liquidity standpoint. Sprot just announced a new ETF.
We will be included in that as well, so that's
a fourth and then you know, once our shares start
trading over a million dollars a day in terms of liquidity,
we might be included on something like the GDXJ. And
you know, as this company grows and as it builds,
you know, we are also looking to uplist on larger
stock exchanges, introducing the company to even more investors. Both
institutional but also retail.
Speaker 2: Yeah, and effectively, I guess what I was saying is
your ounces in the ground got even cheaper, more discounted
than they already were.
Speaker 1: And know, you know, you highlight a great point here.
The disparity between metal price and metal equity has never
been greater. And so you know, as we drill, as
we put out positive drial results, and as the share
price is still here, you know, at the it's around
seventy three cents US. You know, it's still well off,
it's its highs, and we've just made fundamentally made the
company even better.
Speaker 2: All right, So milestones for twenty twenty five catalytic events.
What do you see ahead?
Speaker 1: Again, we're at we're in this moment right now where
we just put out yesterday the results from the twenty
twenty four program. And you know, at a very very
high level, you know, the overall goal of this company
is to create a company that becomes a top ten
silver cup coot. That's the that's the big vision here
and it has been for five years. And that vision,
you know, it hasn't changed now that we're a three
hundred and twenty million dollar company. You know, it's still
the same vision it was when we were twenty million
dollar company five years ago. So the overall goal here
is my mission for this company is to create a
top ten silver coat, and we either become one ourselves
by developing and growing this asset, or we get acquired
by a company that's already an existing top ten silver
equity and hence we get absorbed into that story and
we become a pipeline project into that larger co. So
that's the overall goal. Now, how do we get there, Well,
we get there through doing what we have done in
the past, which is continue to systematically grow this company
through adding high quality ounces in the ground. And we
can do that through drilling, we can do that through acquisitions,
and so it's really about putting together a systematic, aggressive
exploration program and continue to have success with the drill
bit expanding and extending high grade silver and gold mineralization.
Speaker 2: All right, and the rising prices certainly help help everything
look better over time.
Speaker 1: I just I just hope they're outpacing the rising inflation.
Speaker 2: Yeah, well it's about time they started, I would say.
So you want to go over to the company's website,
Dollyvordensilver dot com. Sign up for notifications so you get
the latest news and the ticker symbols in the US
do O, l l F and of course in candidate DV. Shawn,
thanks for coming on. We'll talk to you again real soon.
Speaker 1: Thanks for having me, Harry, Thank you. The Financial Survival
Network