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Transcript

Dolly Varden Silver’s Big Success at Homestake Ridge with CEO Shawn Khunkhun · Financial Survival Network

• 0:00
  Speaker 1: We talk a lot about Silver not taking out.
• 0:02
  Speaker 2: Its old all time eye.
• 0:03
  Speaker 1: Well it's about two in Canadian dollar terms. We're forty
• 0:06
  Speaker 1: six twenty five Canadian. This is a Canadian project and
• 0:10
  Speaker 1: we are going to realize these mail prices in Canadian dollars.
• 0:14
  Speaker 1: And it's it's a big opportunity for any US investor.
• 0:17
  Speaker 1: You know, you're able to come up to Canada at
• 0:19
  Speaker 1: like basically a one point five ratio and you can
• 0:23
  Speaker 1: get fifty percent more Dolly vardenstock today with your US dollars.
• 0:27
  Speaker 2: The Financial Survival Network now more than network, the Financial
• 0:36
  Speaker 2: Survival Network.
• 0:38
  Speaker 3: And welcome. This is Financial Survival Network. I'm your host,
• 0:42
  Speaker 3: Carrie Lets. We are connecting with Sean Couon Kuhn, CEO
• 0:47
  Speaker 3: of Dolly Varden's Silver to get another sponsor update. We
• 0:53
  Speaker 3: got some drill results out yesterday, Sean, and the wow.
• 0:58
  Speaker 2: I'll tell you what.
• 0:59
  Speaker 3: If anybody had any doubts about the Homesteak acquisition, the
• 1:03
  Speaker 3: Homesteak Ridge property, I think those doubts have been put
• 1:07
  Speaker 3: to rest by now right absolutely.
• 1:11
  Speaker 1: And what's interesting is, you know, Dolly Varden acquired Homesteak
• 1:15
  Speaker 1: back and we completed the transaction in the first quarter
• 1:20
  Speaker 1: of twenty twenty two, so bout three years ago, and
• 1:23
  Speaker 1: what really excited me was the Homesteak Main deposit, which
• 1:27
  Speaker 1: is where the bulk of the gold mineralization was located.
• 1:32
  Speaker 1: But what's really emerging recently is home Steak silver. And
• 1:37
  Speaker 1: just to put this into context, so you know, we're
• 1:41
  Speaker 1: up in Northwest BC, We're in the Golden Triangle. We've
• 1:45
  Speaker 1: got some of the richest best silver and gold mines
• 1:48
  Speaker 1: on planet Earth, and the Dolly Varden mine, which was
• 1:52
  Speaker 1: one of the richest silver mines in the British Empire,
• 1:55
  Speaker 1: Canada's third largest producer. The silver is transitioning to silver
• 2:00
  Speaker 1: and gold at home Steak Silver and then it transitions
• 2:04
  Speaker 1: to gold. And so the results that we put out
• 2:07
  Speaker 1: on Monday are from Homesteak Silver and we're finding some
• 2:13
  Speaker 1: really good silver and gold inner STAPs and carry You
• 2:16
  Speaker 1: don't like for any of your viewers who may not
• 2:19
  Speaker 1: be geologists, which I assume that's probably a lot of
• 2:22
  Speaker 1: your viewers, right, like what makes a good drill hole?
• 2:25
  Speaker 1: You know, what makes a discovery? And there was a presentation.
• 2:29
  Speaker 1: We had a couple of conferences up here in Vancouver recently,
• 2:33
  Speaker 1: and there was a mining analyst a very famous mining analyst,
• 2:37
  Speaker 1: Michael Gray, who talked about what the larger companies are
• 2:42
  Speaker 1: looking for in gold discoveries and what and this is
• 2:47
  Speaker 1: something very very simple that anybody who's consuming information news
• 2:52
  Speaker 1: releases context from explore cos Miners. If you take the
• 2:59
  Speaker 1: gram of gold per ton, you take that grand per
• 3:02
  Speaker 1: Ton number and you multiply that by the number of meters,
• 3:06
  Speaker 1: it's going to give you a calculation. So if we
• 3:08
  Speaker 1: take Dolly Varden's headline and it was approximately twenty grams
• 3:13
  Speaker 1: of gold over approximately eight meters, So if we're looking
• 3:17
  Speaker 1: for the gram meter interval, what we get at Dolly
• 3:21
  Speaker 1: Varden on that drill hole was over one hundred and
• 3:25
  Speaker 1: sixty gram meters. And what Michael Gray talked about in
• 3:29
  Speaker 1: his presentation at the Vancouver Resource Investment Conference and the
• 3:33
  Speaker 1: roundup conference the technical conference.
• 3:35
  Speaker 2: Is he talked about.
• 3:38
  Speaker 1: Anything over one hundred gram meters is you know and
• 3:43
  Speaker 1: by many are suit seen as a discovery. So that's
• 3:46
  Speaker 1: what you want to see if you can get to
• 3:48
  Speaker 1: over one hundred grand meters, and at Dolly Varden we
• 3:50
  Speaker 1: got over sixty eight percent of that in our last
• 3:54
  Speaker 1: drill inter sex, so.
• 3:54
  Speaker 2: We're very very happy with homestake.
• 3:57
  Speaker 3: Yeah, well it's definitely looking up and well, I guess
• 4:02
  Speaker 3: the question is what happens for twenty twenty five.
• 4:05
  Speaker 2: Now, that's a great question.
• 4:07
  Speaker 1: And you know, when I look ahead at twenty twenty five,
• 4:09
  Speaker 1: I'm just coming off the back of an exploration planning
• 4:13
  Speaker 1: meeting that we had this morning with our team, and
• 4:17
  Speaker 1: you know, we're looking at, you know, some of the
• 4:20
  Speaker 1: upcoming dates, Carrie. We're looking at you know, May fifteenth
• 4:24
  Speaker 1: as a date where we could be potentially drilling. We
• 4:27
  Speaker 1: look at May first as a date where we're looking
• 4:29
  Speaker 1: to open camp. And so we've got sixty days between
• 4:33
  Speaker 1: now and when we are in the field out there
• 4:36
  Speaker 1: exploring and hunting for new mineralization and growing and de
• 4:41
  Speaker 1: risking these projects. And there's a lot of information that
• 4:45
  Speaker 1: there's a lot of work that we need to do
• 4:46
  Speaker 1: over the next two months in preparation for that drill planning.
• 4:50
  Speaker 1: You know, two years ago we had over one hundred
• 4:53
  Speaker 1: people up at sight, we had five drill rigs turning,
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  Speaker 1: We drolled over fifty thousand meters. You know, these are
• 4:59
  Speaker 1: big program and it takes it in order to do
• 5:03
  Speaker 1: it safely, in order to do it on time and
• 5:07
  Speaker 1: on under budget. You need to have the appropriate planning
• 5:10
  Speaker 1: in place, and so the next sixty days are going
• 5:14
  Speaker 1: to be spent not only as as an internal team
• 5:17
  Speaker 1: at Dolly Varden.
• 5:18
  Speaker 2: But we'll also lean on.
• 5:20
  Speaker 1: One of our shareholders, who Heckla Mining is not only
• 5:25
  Speaker 1: a shareholder, but one of their geologists is made up
• 5:27
  Speaker 1: of our makes up our technical committee. We've also got
• 5:30
  Speaker 1: a board member Michael Hendrickson that heads up that technical
• 5:33
  Speaker 1: committee and a director, Rob McLeod, and our team will
• 5:37
  Speaker 1: present you know what we want to do in twenty
• 5:40
  Speaker 1: twenty five, the forty thousand meters are drilling that we
• 5:43
  Speaker 1: want to launch as an initial phase one drill program.
• 5:46
  Speaker 1: The high priority targets will rank the targets well, and
• 5:49
  Speaker 1: we'll make the case of why we want to go
• 5:51
  Speaker 1: into the Wolf deposit, which is the new high grade
• 5:54
  Speaker 1: silver deposit on the property that's showing a lot of
• 5:56
  Speaker 1: growth and expansion potential.
• 5:58
  Speaker 2: Why you know the last hole that we put.
• 6:00
  Speaker 1: Out at Wolf, which we announced on January sixth, where
• 6:04
  Speaker 1: it was one hundred and twenty meters.
• 6:05
  Speaker 2: Step out hit.
• 6:07
  Speaker 1: What I want to do is I want to backfill
• 6:09
  Speaker 1: that to ensure continuity and ensure that we can get
• 6:13
  Speaker 1: these ounces into a compliant resource estimate. But I also
• 6:16
  Speaker 1: want to step out. I want to continue expanding and growing.
• 6:19
  Speaker 1: So we'll hit Wolf, we'll hit Homestake silver, but there's
• 6:22
  Speaker 1: a number of other targets. You know, I just learned
• 6:25
  Speaker 1: something really new and exciting today, which is we could
• 6:30
  Speaker 1: have another Homesteak deposit on our property. We've got an
• 6:36
  Speaker 1: area that we refer to as red points, and it's
• 6:40
  Speaker 1: too early for me to give you all the details.
• 6:42
  Speaker 1: These are things that are going to come out over
• 6:44
  Speaker 1: the next sixty days, but we've got some new interpretation
• 6:49
  Speaker 1: on how we can better explore that deposit, and so
• 6:55
  Speaker 1: I'm really excited.
• 6:57
  Speaker 2: There are there's.
• 6:58
  Speaker 1: Ample targets, and the good new US is Terrrie. We
• 7:02
  Speaker 1: have thirty three point nine million dollars in the treasury
• 7:05
  Speaker 1: as of today, so we're fully equipped to go out
• 7:10
  Speaker 1: and to do a big drill program, and I know
• 7:13
  Speaker 1: it's a very very very exciting time. We're also going
• 7:16
  Speaker 1: to put out a news release summarizing all of the
• 7:20
  Speaker 1: results from the twenty twenty four DROLL program. So you know,
• 7:23
  Speaker 1: we'll look at where Dolly was going into the season,
• 7:27
  Speaker 1: where we are today, and I'll look ahead at what
• 7:29
  Speaker 1: we're going to be accomplishing in twenty twenty five.
• 7:33
  Speaker 3: And best of all, the metals markets are cooperating with you.
• 7:37
  Speaker 3: Silver back over thirty two US dollars the outs, and
• 7:42
  Speaker 3: of course gold trading at all time highs. Looks like
• 7:47
  Speaker 3: gold's on its way to three thousand.
• 7:50
  Speaker 1: And you know's what's crazy for me, Carrie is I'm
• 7:54
  Speaker 1: just going to pull this up right now on my phone.
• 7:56
  Speaker 1: You know, our project is located in Canada, and right
• 8:01
  Speaker 1: now Spot Gold is over four thousand dollars an ounce.
• 8:06
  Speaker 1: Four thousand and seventy five dollars is the bid on
• 8:10
  Speaker 1: Spot gold in Canadian dollar terms. You know, we talk
• 8:13
  Speaker 1: a lot about silver not taking out its old all
• 8:15
  Speaker 1: time high, Well it's about two in Canadian dollar terms.
• 8:18
  Speaker 1: I think it already has. In AZI dollar terms. We're
• 8:21
  Speaker 1: forty six twenty five Canadian. This is a Canadian dectile,
• 8:25
  Speaker 1: and you know, we are going to realize these metal
• 8:28
  Speaker 1: prices in Canadian dollars and it's a it's a big
• 8:31
  Speaker 1: opportunity for any US investor. You know, you're able to
• 8:35
  Speaker 1: come up to Canada at like basically a one point
• 8:37
  Speaker 1: five ratio and you can get fifty percent more Dolly
• 8:41
  Speaker 1: vardenstock today with your US dollars.
• 8:45
  Speaker 3: Yeah, so the leverage that you have there, especially when
• 8:49
  Speaker 3: considering the additional the recent drill results, the share really
• 8:56
  Speaker 3: the leverage has just increased dramatically per share because the
• 8:59
  Speaker 3: price has.
• 9:01
  Speaker 1: Absolutely we are still about thirty percent off our highs
• 9:05
  Speaker 1: that we hit in October when the silver price was
• 9:07
  Speaker 1: at thirty five dollars, and that goes to show like
• 9:10
  Speaker 1: a ten percent increase in the price of the metal
• 9:14
  Speaker 1: can have a thirty percent impact on the price of
• 9:18
  Speaker 1: the shares. And that's why you know, if you're investing,
• 9:22
  Speaker 1: if you're speculating, if you're looking for torque in your
• 9:28
  Speaker 1: mining investments and in your metal investments, this is where
• 9:31
  Speaker 1: the shares really And what's great, Carrie is today Tholly
• 9:35
  Speaker 1: Varden is on three indexes, you know, so we are
• 9:39
  Speaker 1: liquid enough, We are big enough to attract the cell
• 9:43
  Speaker 1: J and some of these ETFs and that's very, very
• 9:46
  Speaker 1: important from a liquidity standpoint. Sprot just announced a new ETF.
• 9:50
  Speaker 1: We will be included in that as well, so that's
• 9:52
  Speaker 1: a fourth and then you know, once our shares start
• 9:55
  Speaker 1: trading over a million dollars a day in terms of liquidity,
• 9:58
  Speaker 1: we might be included on something like the GDXJ. And
• 10:02
  Speaker 1: you know, as this company grows and as it builds,
• 10:05
  Speaker 1: you know, we are also looking to uplist on larger
• 10:08
  Speaker 1: stock exchanges, introducing the company to even more investors, both
• 10:12
  Speaker 1: institutional but also retail.
• 10:15
  Speaker 3: Yeah, and effectively, I guess what I was saying is
• 10:18
  Speaker 3: your ounces in the ground got even cheaper, more discounted
• 10:21
  Speaker 3: than they already were.
• 10:24
  Speaker 1: And and you know, you highlight a great point here.
• 10:26
  Speaker 1: The disparity between metal price and mental equity has never
• 10:31
  Speaker 1: been greater. And so you know, as we drill, as
• 10:34
  Speaker 1: we put out positive dual results, and as the share
• 10:37
  Speaker 1: price is still here, you know, I think it's around
• 10:39
  Speaker 1: seventy three cents US. You know, it's still well off,
• 10:42
  Speaker 1: it's its highs, and we've just made fundamentally made the
• 10:47
  Speaker 1: company even better.
• 10:48
  Speaker 3: All Right, So milestones for twenty twenty five catalytic events?
• 10:53
  Speaker 3: What do you see ahead?
• 10:55
  Speaker 1: Well, you know, again we're in this moment right now
• 10:59
  Speaker 1: where we just put out yesterday the results from the
• 11:03
  Speaker 1: twenty twenty four program. And you know, at a very
• 11:08
  Speaker 1: very high level, you know, the overall goal of this
• 11:11
  Speaker 1: company is to create a company that becomes a top
• 11:17
  Speaker 1: ten co. That's the that's the big vision here, and
• 11:21
  Speaker 1: it has been for five years. And that vision, you know,
• 11:24
  Speaker 1: it hasn't changed now that we're a three hundred and
• 11:26
  Speaker 1: twenty million dollar company. You know, it's still the same
• 11:29
  Speaker 1: vision it was when we were twenty million dollar company
• 11:31
  Speaker 1: five years ago. So the overall goal here is my
• 11:35
  Speaker 1: mission for this company is to create a top ten
• 11:38
  Speaker 1: silver coat, and we either become one ourselves by developing
• 11:43
  Speaker 1: and growing this asset, or we get acquired by a
• 11:47
  Speaker 1: company that's already an existing top ten silver equity and
• 11:51
  Speaker 1: hence we get absorbed into that story and we become
• 11:53
  Speaker 1: a pipeline project into that larger co.
• 11:56
  Speaker 2: So that's the overall goal.
• 11:57
  Speaker 1: Now, how do we get there, Well, we get there
• 12:00
  Speaker 1: through doing what we have done in the past, which
• 12:02
  Speaker 1: is continue to systematically grow this company through adding high
• 12:09
  Speaker 1: quality ounces in the ground. And we can do that
• 12:11
  Speaker 1: through drilling, we can do that through acquisitions, and so
• 12:14
  Speaker 1: it's really about putting together a systematic, aggressive exploration program
• 12:21
  Speaker 1: and continue to have success with the drill bit, expanding
• 12:26
  Speaker 1: and extending high grade silver and gold minimalization.
• 12:31
  Speaker 3: All right, and the rising metals prices certainly help everything
• 12:38
  Speaker 3: look better over time.
• 12:41
  Speaker 1: I just hope they're outpacing the rising inflation.
• 12:45
  Speaker 3: Yeah, well it's about time they started, I would say. So.
• 12:49
  Speaker 3: You want to go over to the company's website, Dolly
• 12:52
  Speaker 3: Voordensilver dot com sign up for notifications so you get
• 12:56
  Speaker 3: the latest news and the ticker symbols in the US
• 13:01
  Speaker 3: do O, l l F and of course in Canada DV. Shawn.
• 13:06
  Speaker 3: Thanks for coming on. We'll talk to you again real soon.
• 13:08
  Speaker 2: Thanks for having me, Harry, Thank you. The Financial Survival
• 13:19
  Speaker 2: Network