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Dolly Varden Hits Bonanza Grade Silver at Moose/Chance Veins · Financial Survival Network

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And what was really exciting and what I think has led to the share price
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rising and the growth of the company was the growth that we've had at the
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Wolf deposit. And now we're talking about Moose. So you know, the
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best way for me to describe it carry is these are like a string of
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pearls, right, and we think each of these pearls has the potential to
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be like our Tourbriate Mind, which was a fifty million ounce sober deposit.
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Now there is also another result in there from chance which is in their pearl
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and was Leut's call it a two hundred gram hit over twenty three meters,
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Tutor gram per ton sober over twenty three meters. So you know, I
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think we've got at least five, if not six, maybe seven of these
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that have the potential to be fifty million ounce solver deposits. The Financial Survival
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Network now more than network, the Financial Survival Network. And welcome. You
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are listening to the Financial Survival Network. You are watching the Financial Survival Network.
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I'm Carrie. Let's your host. Hey, We've got an exciting update
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from from our good friends over at Dolly Varden Silver. The CEO of Sean
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kuh Kuhn is with us now and Sean. I just picked up on the
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latest drill results which were pretty extraordinary nine hundred and seventy eight grams per ton
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silver over five meters and thirty six seventy over zero point seven nine meters at
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the Moose Lamb vein, which I hadn't heard of before. Pretty exciting,
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all very exciting, Carrie, And just to sort of take a step back
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from the Moose hit, you know, this is a project that has a
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significant silver inventory. You know, we've got close to one hundred and fifty
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million ounces of silver equivalent in all categories, and what we're trying to demonstrate
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with the drilling program is that there is a significant room for expansion. So
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the Dolly Varden silver Mine, which was the richest silver mine in the British
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Empire, and then you move up about a kilometer and an alf and you've
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got the Turbrit Deposit, which was Canada's third largest silver mine. And what
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was really exciting and what I think has led to the share price rising and
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the growth of the company was the growth that we've had at the Wolf Deposit.
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And now we're talking about Moose. So you know the best way for
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me to describe it carry us these are like a string of pearls, right,
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and we think each of these pearls has the potential to be like our
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orbit mind, which was a fifty million ounce sober deposit. Now there is
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also another result in there from chance, which is in a pearl and let's
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call it a two hundred gram hit over twenty three meters two unitre gramd per
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ton sover over twenty three meters. So you know, I think we've got
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at least five, if not six, maybe seven of these that have the
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potential to be fifty million ounce soilver deposits. And you start doing the math
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on that, and then you factor in the million ounces of gold up at
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Homesteak that not to mention, also is accompanied by twenty million ounce as a
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solver. And we've drilled the target called Red Point, which could be the
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next big gold discovery. So what I'm really trying to showcase here is we've
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got a project that's in its infancy, and the proof in the putting is
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all of this exciting discovery and expansion and extension news drilling what's taking place right
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now to extend these fines. So We've got three rigs that are currently turning
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twenty four hours a day. We've completed twenty five drill holes. We've announced
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two. We have a total of twenty five thousand meters of drilling and you
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know, we might have completed you know, just under a third of that
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so far. And that's the plan meters. You know, we could always
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make a decision to significantly expand the drill program. Last year we drilled over
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fifty thousand meters. So we have the budget and the capability technically and logistically
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and with manpower and equipment to do so. So, you know, and
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really like, this is a company and I really think that, you know,
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I will say this, like the stock market's all about growth, you
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know, whether you're your Navidia or your Tesla, or your Apple or Nike
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or your Dolly Varden silver, and our growth comes from growing silver discoveries.
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And you know, four years ago this was a twenty somethings sent stock.
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It's now trading north of a dollar a share, and that was at a
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time where there hasn't been a tremendous amount of interest for small microcap precious metals
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equities. We're starting to see a little bit of interest, and I just
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think that you know, we are, we are very very well positioned for
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this coming bowl market. And during the time we mentioned the four year period
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where the interest has been you know, week at best to really Dolly Varden,
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a couple of other companies have really stood up during that time where you've
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been able to raise the capital, you haven't put have to do things on
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care and maintenance and deferrals, you have to defer your drilling programs. So
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that kind of makes you uniquely situated because obviously we're in a new precious metals
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bull market cycle. And where do you think we are in this cycle?
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Here, Sean, I think this is a baby bull. I think it's
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it's early early days. It's a baby bull. I've got a friend,
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he's also an investment advisor. His name's Bob Thompson. Bob is over at
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Raymond James and Bob is famously coined the idea or the term the mining clock.
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And essentially, you know, one o'clock being the start and you know
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eleven o'clock being close to the end of the party. And where Bob thinks
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we are is, you know, he thinks we're somewhere in that six to
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seven o'clock range. But he also talks about how you know, ninety percent
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of the wealth is created after nine pm, right, so it's in those
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final particular literally for the microcaps. So I agree with you we are in
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a ble market. I agree with Bob about you know, it's you know,
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we're we're moving towards that moment. It could be a few years from
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now, or you know, could be measured in you know, eighteen months.
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But one thing I do know is if you look at where the price
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of silver is relative to gold, this is an indication that we haven't seen
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the end of it. You know, gold's putting in new all time highs.
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Silver is only trading it sixty percent of its all time high, and
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so that's a great indicator that it's still early days. The other phenomenal indicator
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is where mining equities are relative to other asset classes. Now we could take
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the whether we take the price of gold or gold equities to Dow ratio,
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or we take something like where the Venture Exchange is trading as an index.
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So you know, the Canadian Venture Exchange is a great proxy to junior mining
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companies, and the fact that we're trading lower today and we were trading in
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the lower The great financial crisis is telling me that, you know, the
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bullmarket may have begun, but it's begun for the metal, the bullion,
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you know, the coins. You know, it's begun for some of the
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large caps. You could argue, like companies like Egnico Eagle or Numont or
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Barrack kin Ross, but really for developers, small producers, for forget exploration
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companies, it's early days. Well, my personal feeling, and I'm not
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an expert like you were, Bob, but I think this party could extend
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on and it could be a mammoth party that goes on till six in the
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morning, till all the people go home. That's my personal opinion. I
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think the clock's going to be running longer on this cycle than any other's because
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of the economic issues. But time will certainly prove that out. And also
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I agree with Bob because the M and A activity hasn't really hit stride yet.
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That's what we've all kind of been waiting for, isn't it. Yeah,
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you make two incredible points there. I'm going to touch on the first
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one. Bob was measuring that mining clock analogy and he was doing it in
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a currency that was the world's reserve currency where you had confidence in those dollars,
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where you know, he was looking at the last fifty sixty seventy years.
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But you are absolutely right. The reason this could be an all night
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rager is the fact that if we and you look at like, you know,
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the petro dollar, you know, the renewal not happening out of Saudi.
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You look at like what the bricks are doing. You look at you
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know, gold being a Tier one asset. You look at all these things
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that have been unfolding now for decades, like this has been building for decades,
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the debt levels, all this insanity, the wars, uh the spending,
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and you're right like this this is this could be a you know,
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like you know, you start measuring gold in in the win Mark Republic or
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in other scenarios Zimbabwe. You know, if you get into a place where
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the confidence goes in those greenbacks, it's you know, this is going to
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be a very very different scenario. It's as far as M and A goes,
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this is very interesting and I feel like I'm on the front lines of
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this. So I've been running Dolly Varn for four years I've been working with
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a great team, We've got a great asset, and you know, like
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you said, it's been one of the few. Gratefully, we're one of
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the few companies that have had some positive momentum. Now, despite that positive
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momentum, and apart from one corporate and HECLA, it's been very quiet in
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the land of corporates and competitive tension and emina activity Cherry. In the last
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two months, there's been a flurry of inbounds that we've been fielding from silver
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companies, from gold companies that all of a sudden want to have conversations.
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But what's interesting about that is I really think that that M and A stuff
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hasn't even started. So for example, if I'm a silver producer, I
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might want to look at other producers I can merge with, But those silver
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very very few producers are looking into that developer category, looking for that pipeline
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project to develop. They want to grow production. So that tells me like,
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once we start going out to the producers buying the explore copes, like
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they're not even ready for the developers yet, right, and so they just
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want to merge up with peers at this point, And that tells me that
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it's early, early, early, the early early days. And the great
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news is and again this is measuring you know, the last fifty sixty seventy
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years, and so these numbers, we might need to move the decimal point
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one to the right here from what I'm about to say, But the value
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of a silver ounce in the ground has ranged between forty cents to four dollars.
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There's some exceptions based on quality of ounces, but that's the range.
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You go back to August to twenty twenty with silver one to thirty dollars from
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a twelve dollars low four dollars an ounce, right, you go to the
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depths of you know, twenty fourteen, fifteen, bear mark it. You
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know, companies are trading for like fifty cents an ounce in the ground.
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My point in all this is the longer it takes the corporates to build up
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that m and a momentum, we'll be trading at that. Right now,
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we're somewhere in the middle. You know, the average company's probably trading around
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between one and two dollars. So it's not forty cents, it's not four
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dollars, it's between one and two dollars. In the ground value for silver,
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and a lot of things determine whether you're a dollar or two dollars size,
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grade location. But my point year is what four dollars could buy you
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twenty years ago, it can no longer buy you. So we might be
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in an environment where that in situ value, that enterprise value pronounce needs to
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be five dollars, six dollars. You know, you know, if we're
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printing a trillion new dollars every hundred days, you know how many of those
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dollars are going to take to go after announce of Selman? Good question,
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Good question. And in addition, the producers have got their own issues with
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dwindling reserves and they haven't really addressed that for quite a while other than looking
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for peer to peer mergers hundred percent. And you know what's crazy is if
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you look at production, you know the you know so from those reserves are
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producing, and you look at the production profile of the big ones like the
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new Mods, the Barracks, the Ignikos, most of their production is lowered
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today than it was ten, fifteen, twenty years ago. And that's after
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printing hundreds of millions of shares through the loot of acquisitions just to try to
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maintain eighty percent of previous production seventy percent of previous production. So you know,
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we're in a universe right now where and that's not a great place to
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be for effort investor. If you're an investor and you know gold stocks are
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going to outperform gold or silver stocks are going to outperform silver, well,
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if you're if you're in a major that's got dwindling resources and the only way
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for them to replenish those resources is to make expensive acquisitions. Well, the
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companies to focus on are the emerging producers, you know, the junior producers,
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and the companies that can build resources through discovery. So it's the explore
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cost. It's really that that's where the value is created in the mining sector.
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But when you're in a bear market, the place to hide out is
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in the royalty companies and in the seniors. But now that we're moving into
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that baby bull market, it's time for investors. And the sweet spot that
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I've tried to pick after doing this for twenty years and studying it and focusing
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on it is bind a company that's got a deposit, that has the ability
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to grow that deposit, and that I think is the real sweet spot.
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So that's where we try to focus, and Dolly Varden fits that profile to
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the tell right, any events coming up that you see could have a material
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impact on the sector and on Dolly Varden in the near future. Well,
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it's like a powder cake. You know, there's ninety nine ready of this
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load. And so had you wanted alphabetically, Jerry, well let's just say
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the top three from your perspective. Well, listen, I think it's hard
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to put your finger on the calendar where confidence goes. But you look at
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like you look. I remember when I first started the narrative twenty years ago.
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The narrative was, you know what if China trades treasuries or dollars for
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other things. And over the course of the last decade, we've seen,
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you know, them move half of their dollars or their US denominated bonds into
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agricultural land, commodities, real estate. They've taken dollars and they turned them
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into hard assets. So if Japan, who's now the single largest holder of
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dollar denominated debt as a foreigner, makes the same move that China does,
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I think that could be the major catalyst to send commodities priced in dollars through
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the roof, including silver and gold. So that's number one. I think
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the other thing that could impact our markets is a recession, a depression,
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you know, and and initially, you know, during those types of events,
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you know, gold and silver in nominal terms could get impacted negatively for
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a minute. But what history has taught us is they will be the best
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performing assets and the place to actually from a relative basis to preserve wealth.
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So I think, you know, more central banks moving away from dollars sort
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of de dollarization, you've got the potential for slower growth or recession. And
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then you know, Jim Rickards talks about currency wars, trade wars and then
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real wars, and you know the world has gone from cold to hot on
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the warfront. So that's that's another risk. But ultimately, there are things
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that are happening like growing industrial demand or growing demand out of Asia for these
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metals that even without these three factors, I think are very significant. Like
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for example, in Q one, the buying that's come out of India for
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silver has been material. Like if you took India and solar, that makes
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up you know, a third of all demand for solar today, substantial substantial,
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So a lot of potential pluses down the road. And even if things
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just stay the same, even though they appear to be pretty unsustainable, but
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even if they stay the same, the demand aspects are going up for gold
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and silver. Yeah, absolutely, hundred percent. All right, Well,
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we've got some things to chew over here, really interesting news, and the
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results can be better, and we just got a small percentage of them.
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In your humble opinion, anything approaching what Mooslam is, Any targets there you
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think are going to be equal or even better. We've got all three rigs
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turning on the Wolf deposit, and I'm really interested and excited about. We're
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employing a method Carrie called directional drilling. And this directional drilling, it's a
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little bit more expensive than your traditional drilling method, but the reason we're using
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it this year is if you think about some of our targets, you know,
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you're going from surface and you're going down, you know, hundreds and
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hundreds of feet below the surface. So if we you know, based on
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all of our you know, scientific tools like the geophysics, the chemistry,
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understanding the geology, if we take all that information and we look at where
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we know the mineralization is and if we try to target and pinpoint where we
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think we could have an extension, you could have the drill bit deviate from
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surface to target depth. What the directional drilling does is it makes you it
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improves your precision. And why I'm excited about that is there are multiple structures
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that have brought in the high grade silver mineralization. I think this directional drilling
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is going to capture more than one structure, which should lead to capturing more
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silver over a greater thickness, which would result in better results. So we've
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never done it. In the one hundred year history of the DOLLI of our
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mood deck, directional drilling has never been employed. And this is tapping right
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now and results are pending. All right, so this could be the game
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changer in the whole exploration the sector here. Directional drilling like horizontal drilling was
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for petroleum in that gas. So all right, well we're going to look
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forward to those results. Ask everybody who's watching listening, go over to Dolly
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vordensilver dot com sign up for notifications, ticker symbols in the US e O,
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L l F and of course in Canada, DV Sean, we'll be
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talking to you again soon. We'll see you at the Rick Rule Symposium in
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Boca Ratana That is from July seventh to the eleventh, So if any of
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you are in the neighborhood, please stop by and we'll talk to you then.
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Thanks so much, Kerry, looking forward to seeing you soon. The
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Financial Survival Network