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Dolly Varden Hits More Bonanza Grade Silver with CEO Shawn Khunkhun · Financial Survival Network

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  Speaker 1: We drilled a mother hole and then from there we
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  Speaker 1: splayed off and we drilled these donar holes. So what's
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  Speaker 1: great about that is we're understanding what's happening. You know,
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  Speaker 1: we're you know, in different directions. How big is the system?
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  Speaker 1: How much tonnage are we going to build up? But
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  Speaker 1: from a cost saving standpoint, instead of drilling more independent holes,
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  Speaker 1: we're able to save hundreds of meters drilling. We're saving
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  Speaker 1: one point six million dollars through this method. And it's innovative,
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  Speaker 1: it's cost effective. That's the savings that goes directly into
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  Speaker 1: the shareholder's pocket. It's going to enable us to do
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  Speaker 1: war drilling if we choose to, and I think we will.
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  Speaker 1: The Financial Survival Network.
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  Speaker 2: Now more than network, the Financial Survival Network, and welcome.
• 0:49
  Speaker 2: This is Financial Survival Network. I'm your host, Carrie. Let's
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  Speaker 2: we're bringing you a major sponsor update from Sean Kuonkun,
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  Speaker 2: CEO of Dolly Varden Silver. Sean, you just released latest
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  Speaker 2: 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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  Speaker 1: ground is what's going to get me through what's happening
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  Speaker 1: on Main Street and on Wall Street and finding more
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  Speaker 1: sover and gold. Jerry, I don't know of many companies
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  Speaker 1: that are out there that are growing sober deposits like
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  Speaker 1: silver is rare. You know, it's very very rare to
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  Speaker 1: have a primary sober mind. I talked to a lot
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  Speaker 1: of industry experts about, you know, who are the companies
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  Speaker 1: that are finding more of this stuff, and there's really
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  Speaker 1: only two companies globally that are doing it, and Dolly
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  Speaker 1: of Arden is one of them. And the difference between
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  Speaker 1: you know, Dolly and the other one is they're in
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  Speaker 1: Mexico and we're in Canada, and Mexico's getting a big
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  Speaker 1: different So so look, we've got a big resource. We've
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  Speaker 1: got over sixty four million ounces of silver, We've got
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  Speaker 1: a million ounces of gold. We probably added a lot
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  Speaker 1: more to that. That number is probably understated, but that's
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  Speaker 1: the last third party independent resource estimate we did yesterday's news.
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  Speaker 1: What we did is we stepped out forty meters, So
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  Speaker 1: you got to conceptualize this her in your mind here,
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  Speaker 1: so one hundred and twenty feet away from the known deposit,
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  Speaker 1: we extended it. And if you think about the tonnage.
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  Speaker 1: You think about the number of ounces. You know, what
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  Speaker 1: we drilled was nine point three meters, so almost thirty
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  Speaker 1: feet of one kilo average one kilo average. I got
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  Speaker 1: 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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  Speaker 1: what we're finding what's crazy. I just talk about the silver,
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  Speaker 1: the one thousand and ninety one grams per ton of
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  Speaker 1: silver over nine point three meters, but there's a lot
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  Speaker 1: of base metal in there too, and that's something that
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  Speaker 1: historically at Dolly Varden it was just all silver. But
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  Speaker 1: as we go incrementally deeper, we're finding a lot of
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  Speaker 1: base metal now on our website. If you go to
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  Speaker 1: our website Dolly vardensilver dot com and you click on
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  Speaker 1: the news release, there's a bunch of images that will
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  Speaker 1: pop up. On the second image, what I want any
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  Speaker 1: of your audience to look at is where we're finding
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  Speaker 1: this stuff. You know, where we're finding this stuff is
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  Speaker 1: wedged in between sediments and volcanics, and it's within that
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  Speaker 1: contact like so the volcanics like a sponge, have absorbed
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  Speaker 1: the silver, right and and the predictability for us is
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  Speaker 1: we just follow that contact. We just fall where that
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  Speaker 1: because the sentiments had not brought in the silver, they've
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  Speaker 1: gone into the volcanics. So we stay tight right into
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  Speaker 1: that contact and just keep following this thing. So it's
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  Speaker 1: pretty predictable. It's it's super rich, it's really wide, and
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  Speaker 1: it's rare. So look, we've and then the other thing
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  Speaker 1: that was really unique that we did this year is
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  Speaker 1: we drilled. We use this method called directional drilling. So
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  Speaker 1: we drilled a mother hole, right, We drilled a mother hole,
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  Speaker 1: and then from there we splayed off and we drilled
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  Speaker 1: these doughnter holes. So what's great about that is we're
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  Speaker 1: understanding what's happening. You know, we're you know, in different directions,
• 4:43
  Speaker 1: how big is the system, how much tonnage are we
• 4:45
  Speaker 1: going to build up? But from a cost saving standpoint,
• 4:48
  Speaker 1: instead of drilling more independent holes, we're able to save
• 4:52
  Speaker 1: hundreds of meters drilling. It's actually on the drill program,
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  Speaker 1: the twenty five thousand meters drill program, we're saving one
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  Speaker 1: point six million dollars through this method, and it's innovative,
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  Speaker 1: it's cost effective. That's the savings that goes directly into
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  Speaker 1: the shareholder's pocket. It's going to enable us to do
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  Speaker 1: more drilling if we choose to, and I think we will.
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  Speaker 1: I've got results pending from those daughter holes. We've got
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  Speaker 1: results that are imminent. I've got three rigs that are
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  Speaker 1: turning on site. So this is a company that it
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  Speaker 1: was trading at about close to a dollar share US
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  Speaker 1: and it's pulled back thirty percent with silver going from
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  Speaker 1: thirty two dollars down to twenty six. Silver's on the
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  Speaker 1: rise again, so is Dolly Varden. We're finding more and
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  Speaker 1: so look with gold over twenty five hundred dollars an
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  Speaker 1: ounce on the December futures, you know, and and I
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  Speaker 1: need a one silver to gold ratio, I think this
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  Speaker 1: 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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  Speaker 2: so it's really kind of like horizontal drilling when you're
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  Speaker 2: talking about drilling for oil. So you get this pod
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  Speaker 2: and you can drill multiple, multiple holes from it, so
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  Speaker 2: you get way more bang for your bucket. Plus it's
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  Speaker 2: also quite a bit faster too as well, isn't it
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  Speaker 2: 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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  Speaker 1: from the team, it's more precise, because you run the
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  Speaker 1: risk if you start drilling a long hole, you run
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  Speaker 1: the risk of that whole summer deviating and you know,
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  Speaker 1: moving into a place, so you don't want it to.
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  Speaker 1: By cutting out that first bit of drilling, you're it's
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  Speaker 1: got a more it's got more precision. You're gonna get
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  Speaker 1: to your target and on a system where you've got
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  Speaker 1: 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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  Speaker 1: we're seeing the grade double right, we're seeing the grade,
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  Speaker 1: we're seeing incredible with and we're used in directional trolley.
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  Speaker 1: So I just think it's been a it's been a
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  Speaker 1: game changer for us. And this is where you know,
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  Speaker 1: this innovation has led to you know, you know better,
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  Speaker 1: 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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  Speaker 2: 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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  Speaker 1: majors you know, like tech and others you know, use
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  Speaker 1: this stuff, and it's you know, I don't know how
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  Speaker 1: 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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  Speaker 2: it's one of those things like geofiz that's going to
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  Speaker 2: 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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  Speaker 1: 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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  Speaker 2: do some step in drilling there. I assume is that
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  Speaker 2: 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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  Speaker 1: imminent like the lab's been. You know, you know, you
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  Speaker 1: get you get these notifications, and you know, my experience
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  Speaker 1: has taught me that it wouldn't surprise me that in
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  Speaker 1: another couple of days if we're you know, we got
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  Speaker 1: 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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  Speaker 2: results have become ho hum, don't have any effect on
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  Speaker 2: the market, or minimal immediate effect down the road obviously will.
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  Speaker 2: But here we got something that's really exciting, new and different,
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  Speaker 2: 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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  Speaker 1: percent from our recent high with the price of sover
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  Speaker 1: coming down. The market did recognize the results. Yesterday, we
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  Speaker 1: went up ten percent. Now, there was a couple of
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  Speaker 1: factors that happened yesterday. We had a major takeover in
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  Speaker 1: the space. Osisco had fifty percent of a project and
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  Speaker 1: it was acquired for two point one billion in cash.
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  Speaker 1: So you know, the implied value of the total project
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  Speaker 1: being four point two billion based on that acquisition. So
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  Speaker 1: that money was rolling into other names. One of the
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  Speaker 1: names just to the north of us, the sk Creek
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  Speaker 1: project that's owned by Skeena Resources, went from seven dollars
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  Speaker 1: 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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  Speaker 1: Skeena was one of the direct benefactors of Osisco being
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  Speaker 1: taken over. So is Dolly Varn going up on the
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  Speaker 1: back of our news, on the back of record high
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  Speaker 1: 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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  Speaker 2: talked about two ma your things, the directional drilling and
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  Speaker 2: 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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  Speaker 1: with with Philo Monster takeover, you know, So you know
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  Speaker 1: M and A is happening at a very, very large
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  Speaker 1: scale in terms of you know, these are deals that
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  Speaker 1: are measured in the billions of dollars for an industry
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  Speaker 1: that when a deal launches, it launches at a ten
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  Speaker 1: million dollar market cap. So to get acquired in the billions,
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  Speaker 1: it is saying something. There's a lot of wealth and
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  Speaker 1: value creation. If you were an a Cisco shareholder on
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  Speaker 1: Friday's close, you got over a sixty percent premium, you know,
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  Speaker 1: that's you know, and Dolly Varden is a takeover candidate.
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  Speaker 1: You know, it wouldn't surprise me if we woke up
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  Speaker 1: one morning and there was a thirty five forty percent
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  Speaker 1: premium on the table somebody wanting to acquire this project.
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  Speaker 1: So that's that's the opportunity. In addition to you know,
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  Speaker 1: if you had in addressed at silver, you'd have seventy
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  Speaker 1: three dollars solver. We don't need it. You know. One
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  Speaker 1: of our large shareholders a Hecla, who's the world's fastest
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  Speaker 1: growing established silver miner. On their last quarter they were
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  Speaker 1: selling silver at twenty nine dollars an ounce and it
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  Speaker 1: cost them twelve dollars to produce announce. So the margins
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  Speaker 1: in this business are incredible today and companies like HECLA
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  Speaker 1: have record amounts of cash. Kerry, what are they going
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  Speaker 1: to do with his cash? What are they going to do?
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  Speaker 1: They're gonna They're depleting their inventory. And so we're getting
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  Speaker 1: into a market where, you know, I believe the future
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  Speaker 1: bank stocks of our world are the golden silver miners,
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  Speaker 1: you know, and we're in a moment right now where
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  Speaker 1: those bank stocks are getting more profitable and they need
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  Speaker 1: to replenish their their mineral inventory. And that's where companies
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  Speaker 1: like Dolly Varden, like O Cisco, like Filo come into play.
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  Speaker 1: And actually I just on that note with Filo, it
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  Speaker 1: was last year that Heywood Securities came out with their
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  Speaker 1: you know, top ideas for twenty twenty three. Filo was
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  Speaker 1: number one, Dolly Varden was number two. Heywood has a
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  Speaker 1: two dollars and forty cent target on their share price.
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  Speaker 1: They came up with a very positive comment. And so
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  Speaker 1: I don't know, I think we've got we're in the
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  Speaker 1: right place at the right time. But we'll let the
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  Speaker 1: drill results speak for themselves and we or would be
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  Speaker 1: reporting results eminently.
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  Speaker 2: Hey not to mention the majors prices have started to
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  Speaker 2: move and presumably that increases their their currency to make
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  Speaker 2: 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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  Speaker 1: reported four hundred and sixty million in earnings in Q two,
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  Speaker 1: putting out a twenty five cent per shared dividend h
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  Speaker 1: so record high dividends, record high earnings. You know, two
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  Speaker 1: billion in cash will go into their coffers that they
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  Speaker 1: didn't have in the past. What are they going to
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  Speaker 1: 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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  Speaker 2: basically other assets are selling off. They're going to have
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  Speaker 2: even more cash. And again they've got to reinvest because,
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  Speaker 2: as we spoke of in the past, the reserves resources
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  Speaker 2: heading down.
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  Speaker 1: And speaking of Newmont, they are committed to the Golden Triangle,
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  Speaker 1: you know, where the home of the dollyenvironed silver project is.
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  Speaker 1: Newmont is operating two minds, Bruce Jack and Redchris. So
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  Speaker 1: these majors when they get into a camp, they don't
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  Speaker 1: get in for a year. You know, they're looking for
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  Speaker 1: long you know, long mind life, you know, long reserve
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  Speaker 1: life with prospectivity, exploration, potential, district scale opportunities, and you
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  Speaker 1: 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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  Speaker 2: you know, definitely compelling choice. I own shares in it
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  Speaker 2: in full disclosure for the reasons you've outlined, and it's
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  Speaker 2: it's definitely exciting times out here, Sean, and we're going
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  Speaker 2: to be following it closely as always. You want to
• 14:25
  Speaker 2: go over to Dolly vardensilver dot com sign up for
• 14:28
  Speaker 2: the notifications you'll find out about the latest drill results.
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  Speaker 2: The ticker symbols on in the US d O l
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  Speaker 2: l F and of course in Canada DV. Sean. Thanks
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  Speaker 2: 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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  Speaker 1: having me, Kerry, talk to you soon.
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  Speaker 2: The Financial Survival Network