Latest / Financial Survival Network / Dolly Varden SIlver Uplists to NYSE-American with CEO Shawn Khunkhun

Transcript

Dolly Varden SIlver Uplists to NYSE-American with CEO Shawn Khunkhun · Financial Survival Network

• 0:00
  Speaker 1: We are still about thirty percent off our highs that
• 0:03
  Speaker 1: we hit in October when the silver price was at
• 0:06
  Speaker 1: thirty five dollars, and that goes to show like a
• 0:09
  Speaker 1: ten percent increase in the price of the metal can
• 0:14
  Speaker 1: have a thirty percent impact on the price of the shares.
• 0:18
  Speaker 1: The Financial Survival Network now more than network, the Financial
• 0:27
  Speaker 1: Survival Network and welcome.
• 0:30
  Speaker 2: This is Financial Survival Network. I'm your host, Carrie Letz.
• 0:34
  Speaker 2: We are connecting with Sean kuon Kuhn, CEO of Dolly
• 0:39
  Speaker 2: Varden's Silver to get another sponsor update. We got some
• 0:44
  Speaker 2: drill results out yesterday, Sean, and the wow. I'll tell
• 0:50
  Speaker 2: you what. If anybody had any doubts about the Homesteak
• 0:53
  Speaker 2: acquisition the Homesteak Ridge property, I think those doubts have
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  Speaker 2: been put to rest by now right absolutely.
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  Speaker 1: And what's interesting is, you know, Dolly Varden acquired Homesteak
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  Speaker 1: back and we completed the transaction in the first quarter
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  Speaker 1: of twenty twenty two, so three years ago. And what
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  Speaker 1: really excited me was the Homesteak main deposit, which is
• 1:19
  Speaker 1: where the bulk of the gold mineralization was located. But
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  Speaker 1: what's really emerging recently is home Steak Silver and just
• 1:30
  Speaker 1: to put this into context. So you know, we're up
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  Speaker 1: in Northwest BC, We're in the Golden Triangle. We've got
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  Speaker 1: some of the richest best silver and gold mines on
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  Speaker 1: planet Earth, and the Dolly Varden mine, which was one
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  Speaker 1: of the richest silver mines in the British Empire, Canada's
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  Speaker 1: third largest producer. The silver is transitioning to silver and
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  Speaker 1: gold at home Steak silver and then it transitions to gold.
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  Speaker 1: And so the results that we put out on Monday
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  Speaker 1: are from Homesteake Silver and we're finding some really good
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  Speaker 1: silver and gold interceps and Carrie, you know, like for
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  Speaker 1: any of your viewers who may not be geologists, which
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  Speaker 1: I assume that's probably a lot of your viewers, right,
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  Speaker 1: like what makes a good drill hole? You know, what
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  Speaker 1: makes a discovery? And there was a presentation we had
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  Speaker 1: a couple of conferences up here in Vancouver recently and
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  Speaker 1: there was a mining analyst, a very famous mining analyst,
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  Speaker 1: Michael Gray, who talked about what the larger companies are
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  Speaker 1: looking for in gold discoveries and what and this is
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  Speaker 1: something very very simple that anybody who's consuming information news
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  Speaker 1: releases context from Explore cos Miners. If you take the
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  Speaker 1: grams of gold per ton, you take that gram per
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  Speaker 1: ton number and you multiply that by the number of meters.
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  Speaker 1: It's going to give you a calculation. So if we
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  Speaker 1: take Dolly Varden's headline and it was approximately twenty grams
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  Speaker 1: of gold over approximately eight meters, So if we're looking
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  Speaker 1: for the gram meter interval, what we get at Dolly
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  Speaker 1: Varden on that drill hole was over one hundred and
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  Speaker 1: sixty gram meters. And what Michael Gray talked about in
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  Speaker 1: his presentation at the Vancouver Resource Investment Conference and the
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  Speaker 1: Roundup Conference, the Technical conference is he talked about anything
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  Speaker 1: over one hundred gram meters is you know, and by
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  Speaker 1: many are suit seen as a discovery. So that's what
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  Speaker 1: you want to see if you can get to over
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  Speaker 1: one hundred grand meters. And at Dolly Varden we got
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  Speaker 1: over sixty eight percent of that in our last drill
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  Speaker 1: inter sex, so we're very very happy with homestake.
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  Speaker 2: Yeah, well, it's definitely looking up and well, I guess
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  Speaker 2: the question is what happens for twenty twenty five.
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  Speaker 1: Now that's a great question. And you know, when I
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  Speaker 1: look ahead at twenty twenty five, I'm just coming off
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  Speaker 1: the back of an exploration planning meeting that we had
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  Speaker 1: this morning with our team, and you know, we're looking at,
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  Speaker 1: you know, some of the upcoming dates, Carrie. We're looking
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  Speaker 1: at you know, May fifteenth as a date where we
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  Speaker 1: could be potentially drilling. We look at May first as
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  Speaker 1: a date where we're looking to open camp. And so
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  Speaker 1: we've got sixty days between now and when we are
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  Speaker 1: in the field out there exploring and hunting for new
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  Speaker 1: mineralization and growing and de risking these projects. And there's
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  Speaker 1: a lot of information that there's a lot of work
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  Speaker 1: that we need to do over the next two months
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  Speaker 1: in preparation for that drill planning. You know, two years
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  Speaker 1: ago we had over one hundred people up at sight,
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  Speaker 1: we had five drill rigs turn we drilled over fifty
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  Speaker 1: thousand meters. You know, these are big programs and it
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  Speaker 1: takes it in order to do it safely, in order
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  Speaker 1: to do it on time and under budget, you need
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  Speaker 1: to have the appropriate planning in place. And so the
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  Speaker 1: next sixty days are going to be spent not only
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  Speaker 1: as as as an internal team at Dolly Varden, but
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  Speaker 1: we'll also lean on one of our shareholders, who Heckla
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  Speaker 1: Mining is not only a shareholder, but one of their
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  Speaker 1: geologists is made up of our makes up our technical committee.
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  Speaker 1: We've also got a board member Michael Hendrickson that heads
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  Speaker 1: up that technical committee and a director, Rob McLeod, and
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  Speaker 1: our team will present you know, what we want to
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  Speaker 1: do in twenty twenty five, the forty thousand meters are
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  Speaker 1: drilling that we want to launch as an initial phase
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  Speaker 1: one drill program. The high priority targets will rank the
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  Speaker 1: targets well, and we'll make the case of why we
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  Speaker 1: want to go into the Wolf depart which is the
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  Speaker 1: new high grade silver deposit on the property that's showing
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  Speaker 1: a lot of growth and expansion potential. Why you know
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  Speaker 1: the last drill hole that we put out at Wolf,
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  Speaker 1: which we announced on January sixth, where it was one
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  Speaker 1: hundred and twenty meters step out hit. What I want
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  Speaker 1: to do is I want to backfill that to ensure
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  Speaker 1: continuity and ensure that we can get these ounces into
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  Speaker 1: a compliant resource estimate. But I also want to step out.
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  Speaker 1: I want to continue expanding and growing. So we'll hit Wolf,
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  Speaker 1: we'll hit Homestake silver, but there's a number of other targets,
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  Speaker 1: you know. I just learned something really new and exciting today,
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  Speaker 1: which is we could have another home steak deposit on
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  Speaker 1: our property. We've got an area that we refer to
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  Speaker 1: as red Point, and it's too early for me to
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  Speaker 1: give you all the details. These are things that are
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  Speaker 1: going to come out over the next sixty days. But
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  Speaker 1: we've got some new interpretation on how we can better
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  Speaker 1: explore that deposit, and so I'm really excited. There are
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  Speaker 1: there's ample targets. And the good news is, Kerrie, we
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  Speaker 1: have thirty three point nine million dollars in the treasury
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  Speaker 1: as of today, so we're fully equipped to go out
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  Speaker 1: and to do a big drill program, and I know
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  Speaker 1: it's a very, very very exciting time. We're also going
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  Speaker 1: to put out a usually summarizing all of the results
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  Speaker 1: from the twenty twenty four drill program, so you know,
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  Speaker 1: we'll look at where Dolly was going into the season,
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  Speaker 1: where we are today, and I look ahead at what
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  Speaker 1: we're going to be accomplishing in twenty twenty five.
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  Speaker 2: And best of all, the metals markets are cooperating with you.
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  Speaker 2: Silver back over thirty two US dollars the oounce, and
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  Speaker 2: of course gold trading at all time highs looks like
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  Speaker 2: gold's on its way to three thousand.
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  Speaker 1: And you know what's what's crazy for me carry is
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  Speaker 1: I'm just going to pull this up right now on
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  Speaker 1: my phone. You know, our project is located in Canada,
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  Speaker 1: and right now Spot Gold is over four thousand dollars
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  Speaker 1: an ounce. Four thousand and seventy five dollars is the
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  Speaker 1: bid on Spot Gold in Canadian dollar terms. You know,
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  Speaker 1: we talk a lot about silver not taking out its
• 8:29
  Speaker 1: old all time high. Well, it's about two in Canadian
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  Speaker 1: dollar terms. I think it already has an azzi dollar terms.
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  Speaker 1: We're forty six, twenty five Canadian. This is a Canadian project,
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  Speaker 1: and you know, we are going to realize these mail
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  Speaker 1: prices in Canadian dollars, and it's it's a big opportunity
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  Speaker 1: for any US investor. You know, you're able to come
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  Speaker 1: up to Canada at like basically a one point five
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  Speaker 1: ratio and you can get fifty percent more Dolly vardenstock
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  Speaker 1: today with your US dollars.
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  Speaker 2: Yeah, So the leverage that you have there, especially when
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  Speaker 2: considering the additional the recent drill results, the share really
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  Speaker 2: the leverage has just increased dramatically per share because the
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  Speaker 2: price has.
• 9:17
  Speaker 1: Absolutely we are still about thirty percent off our highs
• 9:21
  Speaker 1: that we hit in October when the silver price was
• 9:24
  Speaker 1: at thirty five dollars, and that goes to show like
• 9:27
  Speaker 1: a ten percent increase in the price of the metal
• 9:31
  Speaker 1: can have a thirty percent impact on the price of
• 9:35
  Speaker 1: the shares. And that's why, you know, if you're investing,
• 9:39
  Speaker 1: if you're speculating, if you're looking for torque in your
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  Speaker 1: money investments and in your metal investments, this is where
• 9:49
  Speaker 1: the shares really And what's great, Carrie is today Bolli
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  Speaker 1: Varden is on three indexes, you know, so we are
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  Speaker 1: liquid enough. We are big enough to tracked the sill
• 10:01
  Speaker 1: J and some of these ETFs, and that's very, very
• 10:04
  Speaker 1: important from a liquidity standpoint. Sprot just announced a new ETF.
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  Speaker 1: We will be included in that as well, so that's
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  Speaker 1: a fourth and then you know, once our shares start
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  Speaker 1: trading over a million dollars a day in terms of liquidity,
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  Speaker 1: we might be included on something like the GDXJ. And
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  Speaker 1: you know, as this company grows and as it builds,
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  Speaker 1: you know, we are also looking to uplist on larger
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  Speaker 1: stock exchanges, introducing the company to even more investors. Both
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  Speaker 1: institutional but also retail.
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  Speaker 2: Yeah, and effectively, I guess what I was saying is
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  Speaker 2: your ounces in the ground got even cheaper, more discounted
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  Speaker 2: than they already were.
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  Speaker 1: And know, you know, you highlight a great point here.
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  Speaker 1: The disparity between metal price and metal equity has never
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  Speaker 1: been greater. And so you know, as we drill, as
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  Speaker 1: we put out positive drial results, and as the share
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  Speaker 1: price is still here, you know, at the it's around
• 11:00
  Speaker 1: seventy three cents US. You know, it's still well off,
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  Speaker 1: it's its highs, and we've just made fundamentally made the
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  Speaker 1: company even better.
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  Speaker 2: All right, So milestones for twenty twenty five catalytic events.
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  Speaker 2: What do you see ahead?
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  Speaker 1: Again, we're at we're in this moment right now where
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  Speaker 1: we just put out yesterday the results from the twenty
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  Speaker 1: twenty four program. And you know, at a very very
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  Speaker 1: high level, you know, the overall goal of this company
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  Speaker 1: is to create a company that becomes a top ten
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  Speaker 1: silver cup coot. That's the that's the big vision here
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  Speaker 1: and it has been for five years. And that vision,
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  Speaker 1: you know, it hasn't changed now that we're a three
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  Speaker 1: hundred and twenty million dollar company. You know, it's still
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  Speaker 1: the same vision it was when we were twenty million
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  Speaker 1: dollar company five years ago. So the overall goal here
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  Speaker 1: is my mission for this company is to create a
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  Speaker 1: top ten silver coat, and we either become one ourselves
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  Speaker 1: by developing and growing this asset, or we get acquired
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  Speaker 1: by a company that's already an existing top ten silver
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  Speaker 1: equity and hence we get absorbed into that story and
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  Speaker 1: we become a pipeline project into that larger co. So
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  Speaker 1: that's the overall goal. Now, how do we get there, Well,
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  Speaker 1: we get there through doing what we have done in
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  Speaker 1: the past, which is continue to systematically grow this company
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  Speaker 1: through adding high quality ounces in the ground. And we
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  Speaker 1: can do that through drilling, we can do that through acquisitions,
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  Speaker 1: and so it's really about putting together a systematic, aggressive
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  Speaker 1: exploration program and continue to have success with the drill
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  Speaker 1: bit expanding and extending high grade silver and gold mineralization.
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  Speaker 2: All right, and the rising prices certainly help help everything
• 13:03
  Speaker 2: look better over time.
• 13:07
  Speaker 1: I just I just hope they're outpacing the rising inflation.
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  Speaker 2: Yeah, well it's about time they started, I would say.
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  Speaker 2: So you want to go over to the company's website,
• 13:17
  Speaker 2: Dollyvordensilver dot com. Sign up for notifications so you get
• 13:22
  Speaker 2: the latest news and the ticker symbols in the US
• 13:26
  Speaker 2: do O, l l F and of course in candidate DV. Shawn,
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  Speaker 2: thanks for coming on. We'll talk to you again real soon.
• 13:34
  Speaker 1: Thanks for having me, Harry, Thank you. The Financial Survival
• 13:44
  Speaker 1: Network