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Speaker 1: We drilled a mother hole and then from there we

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splayed off and we drilled these donar holes. So what's

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great about that is we're understanding what's happening. You know,

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we're you know, in different directions. How big is the system?

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How much tonnage are we going to build up? But

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from a cost saving standpoint, instead of drilling more independent holes,

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we're able to save hundreds of meters drilling. We're saving

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one point six million dollars through this method. And it's innovative,

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it's cost effective. That's the savings that goes directly into

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the shareholder's pocket. It's going to enable us to do

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war drilling if we choose to, and I think we will.

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The Financial Survival Network.

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Speaker 2: Now more than network, the Financial Survival Network, and welcome.

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This is Financial Survival Network. I'm your host, Carrie. Let's

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we're bringing you a major sponsor update from Sean Kuonkun,

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CEO of Dolly Varden Silver. Sean, you just released latest

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drill results yesterday, and hey, the hits keep coming, The.

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Speaker 1: Hits keep coming the Financial Survival Network.

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Speaker 2: I love that.

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Speaker 1: And this is where listen, what we're finding in the

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ground is what's going to get me through what's happening

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on Main Street and on Wall Street and finding more

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sover and gold. Jerry, I don't know of many companies

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that are out there that are growing sober deposits like

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silver is rare. You know, it's very very rare to

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have a primary sober mind. I talked to a lot

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of industry experts about, you know, who are the companies

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that are finding more of this stuff, and there's really

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only two companies globally that are doing it, and Dolly

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of Arden is one of them. And the difference between

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you know, Dolly and the other one is they're in

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Mexico and we're in Canada, and Mexico's getting a big

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different So so look, we've got a big resource. We've

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got over sixty four million ounces of silver, We've got

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a million ounces of gold. We probably added a lot

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more to that. That number is probably understated, but that's

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the last third party independent resource estimate we did yesterday's news.

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What we did is we stepped out forty meters, So

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you got to conceptualize this her in your mind here,

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so one hundred and twenty feet away from the known deposit,

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we extended it. And if you think about the tonnage.

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You think about the number of ounces. You know, what

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we drilled was nine point three meters, so almost thirty

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feet of one kilo average one kilo average. I got

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the core in my hand right here.

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Speaker 2: This is drill really and there.

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Speaker 1: There's native silver in there. You know, this is and

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what we're finding what's crazy. I just talk about the silver,

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the one thousand and ninety one grams per ton of

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silver over nine point three meters, but there's a lot

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of base metal in there too, and that's something that

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historically at Dolly Varden it was just all silver. But

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as we go incrementally deeper, we're finding a lot of

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base metal now on our website. If you go to

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our website Dolly vardensilver dot com and you click on

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the news release, there's a bunch of images that will

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pop up. On the second image, what I want any

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of your audience to look at is where we're finding

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this stuff. You know, where we're finding this stuff is

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wedged in between sediments and volcanics, and it's within that

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contact like so the volcanics like a sponge, have absorbed

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the silver, right and and the predictability for us is

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we just follow that contact. We just fall where that

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because the sentiments had not brought in the silver, they've

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gone into the volcanics. So we stay tight right into

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that contact and just keep following this thing. So it's

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pretty predictable. It's it's super rich, it's really wide, and

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it's rare. So look, we've and then the other thing

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that was really unique that we did this year is

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we drilled. We use this method called directional drilling. So

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we drilled a mother hole, right, We drilled a mother hole,

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and then from there we splayed off and we drilled

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these doughnter holes. So what's great about that is we're

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understanding what's happening. You know, we're you know, in different directions,

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how big is the system, how much tonnage are we

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going to build up? But from a cost saving standpoint,

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instead of drilling more independent holes, we're able to save

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hundreds of meters drilling. It's actually on the drill program,

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the twenty five thousand meters drill program, we're saving one

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point six million dollars through this method, and it's innovative,

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it's cost effective. That's the savings that goes directly into

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the shareholder's pocket. It's going to enable us to do

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more drilling if we choose to, and I think we will.

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I've got results pending from those daughter holes. We've got

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results that are imminent. I've got three rigs that are

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turning on site. So this is a company that it

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was trading at about close to a dollar share US

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and it's pulled back thirty percent with silver going from

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thirty two dollars down to twenty six. Silver's on the

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rise again, so is Dolly Varden. We're finding more and

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so look with gold over twenty five hundred dollars an

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ounce on the December futures, you know, and and I

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need a one silver to gold ratio, I think this

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is the time to pile into silver.

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Speaker 2: Couldn't agree more so. Getting back to the directional drilling,

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so it's really kind of like horizontal drilling when you're

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talking about drilling for oil. So you get this pod

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and you can drill multiple, multiple holes from it, so

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you get way more bang for your bucket. Plus it's

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also quite a bit faster too as well, isn't it

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one hundred percent?

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Speaker 1: And so you're saving money. It's also from my understanding

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from the team, it's more precise, because you run the

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risk if you start drilling a long hole, you run

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the risk of that whole summer deviating and you know,

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moving into a place, so you don't want it to.

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By cutting out that first bit of drilling, you're it's

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got a more it's got more precision. You're gonna get

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to your target and on a system where you've got

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you know, Bretschas and epitherrmals and multiple structures to.

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Speaker 2: Really capture all that.

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Speaker 1: And it's why I don't think it's a coincidence that

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we're seeing the grade double right, we're seeing the grade,

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we're seeing incredible with and we're used in directional trolley.

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So I just think it's been a it's been a

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game changer for us. And this is where you know,

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this innovation has led to you know, you know better,

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you know better results to our bottom line on multiple elements.

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Speaker 2: And you're one of the only companies using this technique now. Correct,

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it's not become widespread yet.

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Speaker 1: Listen in the like, I I know some of the

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majors you know, like tech and others you know, use

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this stuff, and it's you know, I don't know how

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many juniors are are taking you know, taking advantage of this.

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Speaker 2: Yeah, I haven't heard it being widespread yet, but obviously

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it's one of those things like geofiz that's going to

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really shake up the industry, I think.

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Speaker 1: So I think for us it's a game changer, and

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particularly on this particular vein.

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Speaker 2: Yeah, so we're forty feet out, so we're going to

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do some step in drilling there. I assume is that

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in the one hundred percent.

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Speaker 1: And look, I think we've got more results that are

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imminent like the lab's been. You know, you know, you

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get you get these notifications, and you know, my experience

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has taught me that it wouldn't surprise me that in

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another couple of days if we're you know, we got

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another batch of results for the market.

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Speaker 2: Hey, well this really think about it. You know, drill

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results have become ho hum, don't have any effect on

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the market, or minimal immediate effect down the road obviously will.

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But here we got something that's really exciting, new and different,

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and the market is just not figured this out yet.

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Speaker 1: You're right now, Like I said, we were off thirty

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percent from our recent high with the price of sover

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coming down. The market did recognize the results. Yesterday, we

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went up ten percent. Now, there was a couple of

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factors that happened yesterday. We had a major takeover in

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the space. Osisco had fifty percent of a project and

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it was acquired for two point one billion in cash.

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So you know, the implied value of the total project

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being four point two billion based on that acquisition. So

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that money was rolling into other names. One of the

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names just to the north of us, the sk Creek

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project that's owned by Skeena Resources, went from seven dollars

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and fifty cents to almost you know, nine and change.

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Speaker 2: It was up.

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Speaker 1: Almost two dollars a share yesterday, and so I think

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Skeena was one of the direct benefactors of Osisco being

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taken over. So is Dolly Varn going up on the

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back of our news, on the back of record high

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goal prices, and on the back of the a Cisco takeover.

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Speaker 2: Yeah, so we had talked about this last time. We

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talked about two ma your things, the directional drilling and

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M and A activity, and you pretty much called them both.

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Speaker 1: You know, we have also seen a really big takeover

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with with Philo Monster takeover, you know, So you know

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M and A is happening at a very, very large

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scale in terms of you know, these are deals that

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are measured in the billions of dollars for an industry

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that when a deal launches, it launches at a ten

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million dollar market cap. So to get acquired in the billions,

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it is saying something. There's a lot of wealth and

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value creation. If you were an a Cisco shareholder on

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Friday's close, you got over a sixty percent premium, you know,

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that's you know, and Dolly Varden is a takeover candidate.

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You know, it wouldn't surprise me if we woke up

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one morning and there was a thirty five forty percent

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premium on the table somebody wanting to acquire this project.

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So that's that's the opportunity. In addition to you know,

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if you had in addressed at silver, you'd have seventy

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three dollars solver. We don't need it. You know. One

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of our large shareholders a Hecla, who's the world's fastest

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growing established silver miner. On their last quarter they were

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selling silver at twenty nine dollars an ounce and it

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cost them twelve dollars to produce announce. So the margins

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in this business are incredible today and companies like HECLA

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have record amounts of cash. Kerry, what are they going

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to do with his cash? What are they going to do?

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They're gonna They're depleting their inventory. And so we're getting

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into a market where, you know, I believe the future

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bank stocks of our world are the golden silver miners,

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you know, and we're in a moment right now where

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those bank stocks are getting more profitable and they need

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to replenish their their mineral inventory. And that's where companies

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like Dolly Varden, like O Cisco, like Filo come into play.

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And actually I just on that note with Filo, it

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was last year that Heywood Securities came out with their

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you know, top ideas for twenty twenty three. Filo was

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number one, Dolly Varden was number two. Heywood has a

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two dollars and forty cent target on their share price.

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They came up with a very positive comment. And so

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I don't know, I think we've got we're in the

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right place at the right time. But we'll let the

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drill results speak for themselves and we or would be

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reporting results eminently.

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Speaker 2: Hey not to mention the majors prices have started to

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move and presumably that increases their their currency to make

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these acquisitions that are in in it.

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Speaker 1: One hundred percent, one hundred percent. You know, Newlood just

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reported four hundred and sixty million in earnings in Q two,

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putting out a twenty five cent per shared dividend h

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so record high dividends, record high earnings. You know, two

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billion in cash will go into their coffers that they

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didn't have in the past. What are they going to

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do with that two billion dollars?

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Speaker 2: Yeah, well, not to mention there other we're going to uh,

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basically other assets are selling off. They're going to have

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even more cash. And again they've got to reinvest because,

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as we spoke of in the past, the reserves resources

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heading down.

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Speaker 1: And speaking of Newmont, they are committed to the Golden Triangle,

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you know, where the home of the dollyenvironed silver project is.

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Newmont is operating two minds, Bruce Jack and Redchris. So

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these majors when they get into a camp, they don't

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get in for a year. You know, they're looking for

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long you know, long mind life, you know, long reserve

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life with prospectivity, exploration, potential, district scale opportunities, and you

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know that's what we have the Golden Triangle.

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Speaker 2: Hey, so all those factors put together makes Dolly Varden,

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you know, definitely compelling choice. I own shares in it

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in full disclosure for the reasons you've outlined, and it's

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it's definitely exciting times out here, Sean, and we're going

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to be following it closely as always. You want to

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go over to Dolly vardensilver dot com sign up for

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the notifications you'll find out about the latest drill results.

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The ticker symbols on in the US d O l

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l F and of course in Canada DV. Sean. Thanks

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for stopping by giving us an update.

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Speaker 1: We'll talk to you again, so thanks so much for

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having me, Kerry, talk to you soon.

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Speaker 2: The Financial Survival Network