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Dolly Varden's Directional Drilling Breakthrough with CEO Shawn Khunkhun · Financial Survival Network

• 0:00
  Speaker 1: Primary silver projects are rare, and what makes Dolly Varden
• 0:03
  Speaker 1: so special is the results that you saw today. You know,
• 0:08
  Speaker 1: the almost four hundred grams per ton of over twenty
• 0:11
  Speaker 1: meters and that's on one hundred and twenty meters.
• 0:13
  Speaker 2: Step out.
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  Speaker 1: Finding pure high grade silver with those types of wide intercepts.
• 0:20
  Speaker 1: It's it is something that you know, there's you could
• 0:23
  Speaker 1: probably count on one hand the number of projects globally
• 0:25
  Speaker 1: that can deliver results like this.
• 0:27
  Speaker 3: The Financial Survival Network now more than ever, the Financial Survival.
• 0:36
  Speaker 4: Network, and welcome. This is Financial Survival Network. I'm your host,
• 0:42
  Speaker 4: Carrie Letz. You've got a major, major sponsor update from
• 0:47
  Speaker 4: Sean kun Kuhn of Dolly Varden Silver and Sean.
• 0:53
  Speaker 2: Well, I'll kind of let you take it away.
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  Speaker 4: I view Dolly Varden as kind of one of the
• 0:59
  Speaker 4: top tier junior miners out there, and these results further
• 1:05
  Speaker 4: reinforce that view.
• 1:07
  Speaker 1: Absolutely. Listen, I think our business, you know, there's three elements.
• 1:12
  Speaker 1: It's the people, it's the project, and it's the money.
• 1:16
  Speaker 1: And you know, we're blessed that we've got the shareholders
• 1:19
  Speaker 1: like Hecklaw, like Eric Spratt, like all the big institutions
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  Speaker 1: that have entrusted us with enough capital. You know, the
• 1:26
  Speaker 1: company's got over thirty million dollars in the bank, So
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  Speaker 1: we've got the capital, and we've got a best in
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  Speaker 1: class technical team. So you've got the capital, you've got
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  Speaker 1: the people. And as today's news release reiterated, it highlights
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  Speaker 1: one of spectacular world class project. This really is and
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  Speaker 1: it's something carry that. You know, I've been in the
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  Speaker 1: mining business for twenty one years. I've spent the last
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  Speaker 1: five years completely focused on silver and I just walked out.
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  Speaker 2: Of a meeting.
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  Speaker 1: I'm calling you out, calling in right now from a
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  Speaker 1: hotel room in Toronto, and I just walked out of
• 2:00
  Speaker 1: a meeting, and you know what what I see in
• 2:04
  Speaker 1: Dolly Varden And this is what I told the audience
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  Speaker 1: there was We've got a project here that is it's
• 2:11
  Speaker 1: a it's a special project amongst a unique group of companies.
• 2:15
  Speaker 1: You know, silver is super rare. Primary silver projects are rare.
• 2:19
  Speaker 1: And what makes Dolly Varn so special is the results
• 2:23
  Speaker 1: that you saw today. You know, the almost four hundred
• 2:26
  Speaker 1: grams per ton of over twenty meters and that's on
• 2:30
  Speaker 1: one hundred and twenty meters step out finding pure I
• 2:35
  Speaker 1: grade silver with those types of wide intercepts. It's it
• 2:40
  Speaker 1: is something that you know, there's you could probably count
• 2:42
  Speaker 1: on one hand the number of projects globally that can
• 2:45
  Speaker 1: deliver results like this.
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  Speaker 4: Yeah, they're pretty spectacular. And what do you think it's
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  Speaker 4: going to do as far as the resource goes?
• 2:57
  Speaker 1: Well, listen, this is all Wolf interesting, the Wolf deposit.
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  Speaker 1: So just to put this into context, Dahlly Varden was
• 3:08
  Speaker 1: the richest silver mine in the British Empire. It was
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  Speaker 1: Canada's third largest silver producer. We've got this fifteen kilometer trend.
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  Speaker 1: It's about ten miles going south to north in Canada,
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  Speaker 1: in British Columbia in the Golden Triangle and Carrie every
• 3:27
  Speaker 1: mile cross cutting that ten mile trend are cross cutting
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  Speaker 1: faults that are brought in mineralization, you know, thrusts of
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  Speaker 1: high grade silver mineralization. And so I think what this
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  Speaker 1: does is what this shows is we can grow high
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  Speaker 1: grade silver. So torbrit which was Canada's third largest silver
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  Speaker 1: mine when it was in production throughout the nineteen fifties.
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  Speaker 1: Torbert's about a fifty million ounce high grade here silver deposit.
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  Speaker 1: I think Wolf is another one. There were some numbers
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  Speaker 1: that came out of moose and chants this year that
• 4:02
  Speaker 1: are showing further growth. So I think it really highlights
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  Speaker 1: the number of potential fifty million outs silver deposits that
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  Speaker 1: are on this line package.
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  Speaker 4: Yeah, it's pretty remarkable. And you know, one thing is
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  Speaker 4: a technology. Obviously we've seen a lot of technology come
• 4:23
  Speaker 4: into the sector, but now it looks to me like
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  Speaker 4: directional drilling is a potential game changer.
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  Speaker 1: It is, and you know, despite being around exploration for
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  Speaker 1: a long time, it was a new idea and concept
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  Speaker 1: to me when our project manager, Amanda Bennett, said, I
• 4:43
  Speaker 1: want to try something new in twenty twenty four and
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  Speaker 1: she said, Sean, it actually costs a little bit more money.
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  Speaker 1: You know, it's going to you know, you know, having
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  Speaker 1: the specific crew and the tools on site, there's an
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  Speaker 1: incremental added cost. But when we went through it and
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  Speaker 1: she highlighted this, she goes, but you're actually going to
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  Speaker 1: save money in the long run because what directional drilling
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  Speaker 1: enables us to do. First of all, what directional drilling
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  Speaker 1: does is with precision accuracy, you're able to target, you know,
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  Speaker 1: because what happens to Terry when you drill a hole
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  Speaker 1: you could deviate as you go through that rock and
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  Speaker 1: where you're targeting, you may not get there right. So
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  Speaker 1: the directional drilling is a precise, precision way to actually
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  Speaker 1: get to your target. Number one. But what we've employed
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  Speaker 1: is what we drill is what we call a mother hole. Okay,
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  Speaker 1: so you drill an initial hole and then from that
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  Speaker 1: you would drill off, you would fan off daughter holes.
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  Speaker 1: So that initial hundred sometimes two hundred in some cases
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  Speaker 1: three hundred medals of initial drilling.
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  Speaker 2: You don't have to redrill.
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  Speaker 1: So I calculated just this summer alone, we've saved about
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  Speaker 1: a million and a half dollars over a million and
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  Speaker 1: a half dollars employing this directional drilling. So what it's
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  Speaker 1: done is it's enabled us to with precision accuracy target
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  Speaker 1: the widest parts of the mineralization, highlighting these really really
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  Speaker 1: high grade wide intercepts. It's enabled us to do this
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  Speaker 1: in a cost saving way. And so no, it's you
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  Speaker 1: know what I really like about Dolly Varden is you've
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  Speaker 1: got all the state of the art technology. You know,
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  Speaker 1: you've got the geophysics right, you've got the geochemistry, you've
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  Speaker 1: got the directional drilling. You've got tools today that weren't
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  Speaker 1: there for the old timers that were mining right and exploring.
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  Speaker 1: But what I love about Dolly is you also have
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  Speaker 1: a team that We've got students in the field that
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  Speaker 1: support us that are in their early twenties, but we
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  Speaker 1: have people at the board level, you know, in their
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  Speaker 1: seventies and their sixties, senior geologists in their fifties and
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  Speaker 1: sixties that are mentoring that team and also emphasizing the
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  Speaker 1: importance of working with papers right and going out and
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  Speaker 1: doing the ground truth thing. So it's marrying the old
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  Speaker 1: with the new, and I think we do it in
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  Speaker 1: a pretty elegant way.
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  Speaker 4: Yeah, and the results pretty amazing. I mean, all the
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  Speaker 4: multiple holes you've returned results on most of them hit,
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  Speaker 4: you know, the vast majority hit.
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  Speaker 2: Only a few dry holes.
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  Speaker 1: The hit ratio at Wolf And you know what I
• 7:28
  Speaker 1: really celebrated Wolf is this is a business that I've
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  Speaker 1: seen a lot of projects get recycled, you know, as
• 7:36
  Speaker 1: the metal prices surge up, the same old projects get
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  Speaker 1: kicked around. And what I love about what we're doing
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  Speaker 1: at Dolly is Wolf is brand new, Like Wolf is
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  Speaker 1: something where it is what the industry needs. It needs
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  Speaker 1: new discoveries, it needs growth, it needs taking you know,
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  Speaker 1: some of these new technologies and marrying it with the
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  Speaker 1: old coming up, letting the science drive the mind plans,
• 8:04
  Speaker 1: and letting the geology drive the mind plans. But no,
• 8:07
  Speaker 1: it's it is. It is really nice to see. And
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  Speaker 1: and again I really want to emphasize the pure silver
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  Speaker 1: aspect here. You know, silver has been in a deficit
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  Speaker 1: for the last four years, and you know we're talking
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  Speaker 1: about you know, over two hundred million ounce a year
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  Speaker 1: deficits for a market that's producing less than a billion
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  Speaker 1: ounces a year. Then includes your cycling, and so you know,
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  Speaker 1: their silver has got this growing demand. You know, one
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  Speaker 1: hundred years ago, Carrie, you know, only ten percent of
• 8:41
  Speaker 1: silver was used in industry. Today it's over fifty percent.
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  Speaker 1: And so you've got this growing industrial demand for a
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  Speaker 1: metal that in the natural setting in the world. In
• 8:53
  Speaker 1: order to find this stuff, the pure silver minds only
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  Speaker 1: represent about one in every four silver mining opportunities. Most
• 9:01
  Speaker 1: of sober we get as a byproducts. So again, why
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  Speaker 1: I celebrate what we're finding. It will finit tour bread
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  Speaker 1: in it. All these other silver deposits on the property
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  Speaker 1: and silver veins that we're discovering. Is it's pure sover
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  Speaker 1: it's high grade, and I think most importantly, it's in
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  Speaker 1: a safe jurisdiction.
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  Speaker 2: Yeah, all of the above, and.
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  Speaker 1: Carrie, that jurisdiction just got a little safer yesterday.
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  Speaker 2: Well, well, this is a family publication.
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  Speaker 4: We don't talk politics here, but I definitely understand what
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  Speaker 4: you're saying, and right going to be even more mining
• 9:39
  Speaker 4: friendly than it already was in All livesihood absolutely so
• 9:44
  Speaker 4: exciting times ahead. Obviously, twenty twenty five is now upon us.
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  Speaker 4: What are the goals for twenty twenty five?
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  Speaker 1: You know, it's really interesting. I was talking to a
• 9:55
  Speaker 1: very successful investory yesterday and he said to me, he goes,
• 9:59
  Speaker 1: you know, we're going to get this great run, like
• 10:01
  Speaker 1: this is going to be the year at Gold, And
• 10:03
  Speaker 1: I said the year at gold. I said, gold had
• 10:05
  Speaker 1: a huger last year, right, like it's a year and
• 10:07
  Speaker 1: he goes, well, it's going to have an even bigger one,
• 10:09
  Speaker 1: and it's going to be the year of Silver and
• 10:11
  Speaker 1: all these things are going to go crazy. But unfortunately,
• 10:15
  Speaker 1: all these cash starve mining companies are going to run out.
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  Speaker 1: They're going to hit the bid and the first billion
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  Speaker 1: dollars that shows up from generalists is going to go
• 10:22
  Speaker 1: into private placements. And Carrie, what twenty twenty five looks
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  Speaker 1: like for Dolling is we're cashed up. We've got over
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  Speaker 1: thirty two million dollars in the bank. We don't need
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  Speaker 1: to go to market. So we're in a unique position
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  Speaker 1: amongst the juniors. And you know, you kindly and generously
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  Speaker 1: called us, you know, one of the better junior miners
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  Speaker 1: out there, and I think what really separates us, and
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  Speaker 1: one of the reasons we've been successful is our access
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  Speaker 1: to capital and the fact that we've operated from a
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  Speaker 1: position of strength. So we're walking into the year. If
• 10:56
  Speaker 1: silver goes up, if we make new discoveries, if we
• 11:00
  Speaker 1: convince investors about the business plan, the vision, and our execution,
• 11:06
  Speaker 1: there's only one way to get into the story, and
• 11:09
  Speaker 1: that's in the open market, and that's going to put
• 11:11
  Speaker 1: pressure on the share price to the upside. And I
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  Speaker 1: think it's what is really going to separate us from
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  Speaker 1: our peers this year. So we've got a company that's
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  Speaker 1: well capitalized. We're envisioning approximately a forty thousand meters drill program,
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  Speaker 1: and you know, last year we started off with a
• 11:30
  Speaker 1: twenty five thousand meter program and because of success and
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  Speaker 1: because of some of those efficiencies and cost savings. With
• 11:35
  Speaker 1: the directional drilling, we actually ended up drilling over thirty
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  Speaker 1: two thousand meters, so we're looking at building upon that,
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  Speaker 1: going up to forty thousand meters this year, having multiple
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  Speaker 1: rigs going out twenty four hours a day when we
• 11:47
  Speaker 1: get started. But Carrie, the good news is we have
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  Speaker 1: more results to come from the twenty twenty four program.
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  Speaker 1: So you know, we've got some numbers coming out of
• 11:56
  Speaker 1: Homestake and they're they're due out soon. So there's a
• 12:00
  Speaker 1: lot more to talk about and to interpret and to
• 12:03
  Speaker 1: plan as we go out. But it'll be you know,
• 12:06
  Speaker 1: if it's not broken while I fix it. So it's
• 12:08
  Speaker 1: going to be more expansion, more de risking, more growth.
• 12:12
  Speaker 4: You know, looking forward to see what happens in twenty
• 12:16
  Speaker 4: twenty five. Hopefully the market will appreciate it. As we're
• 12:19
  Speaker 4: speaking today, you know, after your release, silver is back
• 12:24
  Speaker 4: over thirty dollars the ounce. It hit thirty five US
• 12:29
  Speaker 4: a while back and then pulled back, which is to
• 12:32
  Speaker 4: be expected. Had a really nice run last year, but
• 12:36
  Speaker 4: it's still nowhere near it's all time high. Unlike gold.
• 12:40
  Speaker 1: You know, what's really interesting is I was looking at
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  Speaker 1: the sil j's performance in twenty twenty four, and you know,
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  Speaker 1: it's what it's really interesting is I think I'm going
• 12:52
  Speaker 1: to use you know, approximate numbers here, but let's say
• 12:55
  Speaker 1: silver was up fifteen percent last year. I think it
• 12:57
  Speaker 1: was actually closer to twenty So silver's up twenty percent
• 13:00
  Speaker 1: twenty four. What you normally see an in a price
• 13:04
  Speaker 1: environment like that, where the metal is appreciating, you'd see
• 13:07
  Speaker 1: the stocks of sixty percent, you'd see you know, three
• 13:11
  Speaker 1: x performance from the equities. But what you actually saw
• 13:15
  Speaker 1: was the SLJ was up like six percent, not sixty
• 13:20
  Speaker 1: So it's underperforming the metal. And the same is true
• 13:24
  Speaker 1: in gold. And so what that tells me is the
• 13:29
  Speaker 1: you know, you've got central banks buying gold, you know,
• 13:32
  Speaker 1: the East is buying gold. We're starting to see some
• 13:36
  Speaker 1: investors come into silver.
• 13:38
  Speaker 2: You know, you know, you've.
• 13:40
  Speaker 1: Got the the the average population in places like India
• 13:44
  Speaker 1: that are big buyers, and Q one alone Indians consumed
• 13:48
  Speaker 1: about Indian Indian market and solar was about a third
• 13:52
  Speaker 1: of the entire silver demand. But what's interesting is I
• 13:56
  Speaker 1: really think apart from Indian buyers, part from industry, nobody's
• 14:02
  Speaker 1: come into silvery yet and that tells me, you know,
• 14:06
  Speaker 1: and there's some big banks and some mainstream investors that
• 14:11
  Speaker 1: are starting to highlight the opportunity in silver, not on
• 14:15
  Speaker 1: the monetary side, but just from the industrial supply demand
• 14:20
  Speaker 1: set up.
• 14:21
  Speaker 2: YEP.
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  Speaker 4: I think the big move is yet to come, and
• 14:24
  Speaker 4: we're going to see that soon enough, and it could
• 14:28
  Speaker 4: very well occur in twenty twenty five. So appreciate you
• 14:33
  Speaker 4: coming on the show, Sean, and I suggest everybody go
• 14:37
  Speaker 4: over to Dolly vardensilver dot com sign up for notifications,
• 14:42
  Speaker 4: ticker symbols in the US DOLLF and in Canada it's DV.
• 14:49
  Speaker 2: Sean. Sounds like an exciting twenty twenty five ahead. We'll
• 14:52
  Speaker 2: talk to you again soon. Thank you so much.
• 14:54
  Speaker 3: Carry all the best, the Financial Survival Network.