Speaker 1: We drilled a mother hole and then from there we
splayed off and we drilled these donar holes. So what's
great about that is we're understanding what's happening. You know,
we're you know, in different directions. How big is the system?
How much tonnage are we going to build up? But
from a cost saving standpoint, instead of drilling more independent holes,
we're able to save hundreds of meters drilling. We're saving
one point six million dollars through this method. And it's innovative,
it's cost effective. That's the savings that goes directly into
the shareholder's pocket. It's going to enable us to do
war drilling if we choose to, and I think we will.
The Financial Survival Network.
Speaker 2: Now more than network, the Financial Survival Network, and welcome.
This is Financial Survival Network. I'm your host, Carrie. Let's
we're bringing you a major sponsor update from Sean Kuonkun,
CEO of Dolly Varden Silver. Sean, you just released latest
drill results yesterday, and hey, the hits keep coming, The.
Speaker 1: Hits keep coming the Financial Survival Network.
Speaker 2: I love that.
Speaker 1: And this is where listen, what we're finding in the
ground is what's going to get me through what's happening
on Main Street and on Wall Street and finding more
sover and gold. Jerry, I don't know of many companies
that are out there that are growing sober deposits like
silver is rare. You know, it's very very rare to
have a primary sober mind. I talked to a lot
of industry experts about, you know, who are the companies
that are finding more of this stuff, and there's really
only two companies globally that are doing it, and Dolly
of Arden is one of them. And the difference between
you know, Dolly and the other one is they're in
Mexico and we're in Canada, and Mexico's getting a big
different So so look, we've got a big resource. We've
got over sixty four million ounces of silver, We've got
a million ounces of gold. We probably added a lot
more to that. That number is probably understated, but that's
the last third party independent resource estimate we did yesterday's news.
What we did is we stepped out forty meters, So
you got to conceptualize this her in your mind here,
so one hundred and twenty feet away from the known deposit,
we extended it. And if you think about the tonnage.
You think about the number of ounces. You know, what
we drilled was nine point three meters, so almost thirty
feet of one kilo average one kilo average. I got
the core in my hand right here.
Speaker 2: This is drill really and there.
Speaker 1: There's native silver in there. You know, this is and
what we're finding what's crazy. I just talk about the silver,
the one thousand and ninety one grams per ton of
silver over nine point three meters, but there's a lot
of base metal in there too, and that's something that
historically at Dolly Varden it was just all silver. But
as we go incrementally deeper, we're finding a lot of
base metal now on our website. If you go to
our website Dolly vardensilver dot com and you click on
the news release, there's a bunch of images that will
pop up. On the second image, what I want any
of your audience to look at is where we're finding
this stuff. You know, where we're finding this stuff is
wedged in between sediments and volcanics, and it's within that
contact like so the volcanics like a sponge, have absorbed
the silver, right and and the predictability for us is
we just follow that contact. We just fall where that
because the sentiments had not brought in the silver, they've
gone into the volcanics. So we stay tight right into
that contact and just keep following this thing. So it's
pretty predictable. It's it's super rich, it's really wide, and
it's rare. So look, we've and then the other thing
that was really unique that we did this year is
we drilled. We use this method called directional drilling. So
we drilled a mother hole, right, We drilled a mother hole,
and then from there we splayed off and we drilled
these doughnter holes. So what's great about that is we're
understanding what's happening. You know, we're you know, in different directions,
how big is the system, how much tonnage are we
going to build up? But from a cost saving standpoint,
instead of drilling more independent holes, we're able to save
hundreds of meters drilling. It's actually on the drill program,
the twenty five thousand meters drill program, we're saving one
point six million dollars through this method, and it's innovative,
it's cost effective. That's the savings that goes directly into
the shareholder's pocket. It's going to enable us to do
more drilling if we choose to, and I think we will.
I've got results pending from those daughter holes. We've got
results that are imminent. I've got three rigs that are
turning on site. So this is a company that it
was trading at about close to a dollar share US
and it's pulled back thirty percent with silver going from
thirty two dollars down to twenty six. Silver's on the
rise again, so is Dolly Varden. We're finding more and
so look with gold over twenty five hundred dollars an
ounce on the December futures, you know, and and I
need a one silver to gold ratio, I think this
is the time to pile into silver.
Speaker 2: Couldn't agree more so. Getting back to the directional drilling,
so it's really kind of like horizontal drilling when you're
talking about drilling for oil. So you get this pod
and you can drill multiple, multiple holes from it, so
you get way more bang for your bucket. Plus it's
also quite a bit faster too as well, isn't it
one hundred percent?
Speaker 1: And so you're saving money. It's also from my understanding
from the team, it's more precise, because you run the
risk if you start drilling a long hole, you run
the risk of that whole summer deviating and you know,
moving into a place, so you don't want it to.
By cutting out that first bit of drilling, you're it's
got a more it's got more precision. You're gonna get
to your target and on a system where you've got
you know, Bretschas and epitherrmals and multiple structures to.
Speaker 2: Really capture all that.
Speaker 1: And it's why I don't think it's a coincidence that
we're seeing the grade double right, we're seeing the grade,
we're seeing incredible with and we're used in directional trolley.
So I just think it's been a it's been a
game changer for us. And this is where you know,
this innovation has led to you know, you know better,
you know better results to our bottom line on multiple elements.
Speaker 2: And you're one of the only companies using this technique now. Correct,
it's not become widespread yet.
Speaker 1: Listen in the like, I I know some of the
majors you know, like tech and others you know, use
this stuff, and it's you know, I don't know how
many juniors are are taking you know, taking advantage of this.
Speaker 2: Yeah, I haven't heard it being widespread yet, but obviously
it's one of those things like geofiz that's going to
really shake up the industry, I think.
Speaker 1: So I think for us it's a game changer, and
particularly on this particular vein.
Speaker 2: Yeah, so we're forty feet out, so we're going to
do some step in drilling there. I assume is that
in the one hundred percent.
Speaker 1: And look, I think we've got more results that are
imminent like the lab's been. You know, you know, you
get you get these notifications, and you know, my experience
has taught me that it wouldn't surprise me that in
another couple of days if we're you know, we got
another batch of results for the market.
Speaker 2: Hey, well this really think about it. You know, drill
results have become ho hum, don't have any effect on
the market, or minimal immediate effect down the road obviously will.
But here we got something that's really exciting, new and different,
and the market is just not figured this out yet.
Speaker 1: You're right now, Like I said, we were off thirty
percent from our recent high with the price of sover
coming down. The market did recognize the results. Yesterday, we
went up ten percent. Now, there was a couple of
factors that happened yesterday. We had a major takeover in
the space. Osisco had fifty percent of a project and
it was acquired for two point one billion in cash.
So you know, the implied value of the total project
being four point two billion based on that acquisition. So
that money was rolling into other names. One of the
names just to the north of us, the sk Creek
project that's owned by Skeena Resources, went from seven dollars
and fifty cents to almost you know, nine and change.
Speaker 2: It was up.
Speaker 1: Almost two dollars a share yesterday, and so I think
Skeena was one of the direct benefactors of Osisco being
taken over. So is Dolly Varn going up on the
back of our news, on the back of record high
goal prices, and on the back of the a Cisco takeover.
Speaker 2: Yeah, so we had talked about this last time. We
talked about two ma your things, the directional drilling and
M and A activity, and you pretty much called them both.
Speaker 1: You know, we have also seen a really big takeover
with with Philo Monster takeover, you know, So you know
M and A is happening at a very, very large
scale in terms of you know, these are deals that
are measured in the billions of dollars for an industry
that when a deal launches, it launches at a ten
million dollar market cap. So to get acquired in the billions,
it is saying something. There's a lot of wealth and
value creation. If you were an a Cisco shareholder on
Friday's close, you got over a sixty percent premium, you know,
that's you know, and Dolly Varden is a takeover candidate.
You know, it wouldn't surprise me if we woke up
one morning and there was a thirty five forty percent
premium on the table somebody wanting to acquire this project.
So that's that's the opportunity. In addition to you know,
if you had in addressed at silver, you'd have seventy
three dollars solver. We don't need it. You know. One
of our large shareholders a Hecla, who's the world's fastest
growing established silver miner. On their last quarter they were
selling silver at twenty nine dollars an ounce and it
cost them twelve dollars to produce announce. So the margins
in this business are incredible today and companies like HECLA
have record amounts of cash. Kerry, what are they going
to do with his cash? What are they going to do?
They're gonna They're depleting their inventory. And so we're getting
into a market where, you know, I believe the future
bank stocks of our world are the golden silver miners,
you know, and we're in a moment right now where
those bank stocks are getting more profitable and they need
to replenish their their mineral inventory. And that's where companies
like Dolly Varden, like O Cisco, like Filo come into play.
And actually I just on that note with Filo, it
was last year that Heywood Securities came out with their
you know, top ideas for twenty twenty three. Filo was
number one, Dolly Varden was number two. Heywood has a
two dollars and forty cent target on their share price.
They came up with a very positive comment. And so
I don't know, I think we've got we're in the
right place at the right time. But we'll let the
drill results speak for themselves and we or would be
reporting results eminently.
Speaker 2: Hey not to mention the majors prices have started to
move and presumably that increases their their currency to make
these acquisitions that are in in it.
Speaker 1: One hundred percent, one hundred percent. You know, Newlood just
reported four hundred and sixty million in earnings in Q two,
putting out a twenty five cent per shared dividend h
so record high dividends, record high earnings. You know, two
billion in cash will go into their coffers that they
didn't have in the past. What are they going to
do with that two billion dollars?
Speaker 2: Yeah, well, not to mention there other we're going to uh,
basically other assets are selling off. They're going to have
even more cash. And again they've got to reinvest because,
as we spoke of in the past, the reserves resources
heading down.
Speaker 1: And speaking of Newmont, they are committed to the Golden Triangle,
you know, where the home of the dollyenvironed silver project is.
Newmont is operating two minds, Bruce Jack and Redchris. So
these majors when they get into a camp, they don't
get in for a year. You know, they're looking for
long you know, long mind life, you know, long reserve
life with prospectivity, exploration, potential, district scale opportunities, and you
know that's what we have the Golden Triangle.
Speaker 2: Hey, so all those factors put together makes Dolly Varden,
you know, definitely compelling choice. I own shares in it
in full disclosure for the reasons you've outlined, and it's
it's definitely exciting times out here, Sean, and we're going
to be following it closely as always. You want to
go over to Dolly vardensilver dot com sign up for
the notifications you'll find out about the latest drill results.
The ticker symbols on in the US d O l
l F and of course in Canada DV. Sean. Thanks
for stopping by giving us an update.
Speaker 1: We'll talk to you again, so thanks so much for
having me, Kerry, talk to you soon.
Speaker 2: The Financial Survival Network