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SilverCrest Mines Receives Outperform Rating on National TV by StoneCap Securities Analyst Christos Doulis
June 14, 2013 1:51 PM EDT | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2013) - SilverCrest Mines (TSXV: SVL) (NYSE MKT: SVLC) was highlighted in a recent interview of Christos Doulis by BNN's commodities' anchor, Andrew Bell.
Christos Doulis, analyst at StoneCap Securities, discussed the outlook for silver, and SilverCrest Mines, the only silver equity that he ranks as an outperform. He gives the company a 12-month target price of $2.75, a 55% premium to the current $1.77 price.
To view the BNN interview, please follow this link, or if the link is not enabled, enter "http://watch.bnn.ca/#clip946399" in your browser.
SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico.
The mine is a high-grade, epithermal gold and silver deposit, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine.
InvestmentPitch's Ted Ohashi, along with Silver-Investor's David Morgan, recently interviewed SilverCrest President, J. Scott Drever. That interview can be viewed here, or if this link is not enabled please visit www.InvestmentPitch.com and enter "SilverCrest" in the search box.
For more information please visit the company's website www.silvercrestmines.com, or contact Fred Cooper at 1-866-691-1730 or email info@silvercrestmines.com.
For more information about StoneCap Securities, or to obtain a copy of their research report, contact them at www.stonecapsecurities.com or email Christos Doulis at cdoulis@stonecapsecurities.com.
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