You know, I think silver in Oz as its Rich monetary history.
And, as we started this next leg up in the precious metals, I wanted
to get as much exposure to Silver as possible, you know, my view and
what makes me passionate, and what's made me want to focus, you know,
my efforts and my career on Silver right now.
Is that through my experience back?
When I started in the mining business, over 18 years ago, I got
involved with the gold project in central Canada at a time where gold
was going through $300, an ounce to nineteen hundred dollars an ounce
and I helped built a mining company.
At that time, where we employed 600 people.
We took a company from inception to a billion and a half market cap,
and it was, it was a lot of work done and get it was, you know,
tremendous amount of effort, Blood Sweat tears.
I personally made as much money on a passive, silver investment.
That that went up in six months at to the same degree that building a
gold, mine over a seven-year period took.
So for me through studying history and through personal experience.
I know when silver moves, it moves up violently and, you know, after
we had gold correct, from 1900 to 1930, arted this next leg up in the
precious metals.
I wanted to get as much exposure to Silver as possible and
And you know, we're coming off the March 2020 low, where the silver to
gold ratio, got to 125 to 1.
It's currently around 70 to 1.
But if you look at what's coming out of Gold and Silver Mines
globally, for every eight ounces of silver that are being produced,
one ounce of gold is being produced.
Not 72 1, not 125 to 1, and we've got historic relationships of 15 to
30 to 1.
Even if you examine the last 100 years, it's it's
Around 60 to 1.
So, you know, I think silver in Oz, as its Rich monetary history, but
also, you know, there's the most Silver's consumed as an in just
industrial metal today.
70% of all silver consumption is on the industrial side and we're
seeing growing industrial demand whether it's in electronics or in the
EV Revolution.
And so I'm seeing growing industrial demand at a time where it's more.
And more difficult to get mine Supply and considering that only 30% of
silver comes from Pure Silver Mines.
When you look at the base metal mines, the copper mines, the zinc
mines that are getting difficulty getting permitted or difficulty
getting water.
And you look at, you know, where we going to get the future world
silver.
And so, for all those reasons I've devoted starting in about 20 18.
I started to focus my efforts on
Over and it was two years ago that I came across Dolly Varden and took
over as CEO and it was because I wanted to get as much exposure to
sober for four.
What we're seeing here and we and in that two-year period, we've seen
the price start to move off the bottom.
We've seen about a 50% move up from the lows, but I think we've got a
long way to go.
Considering we are 50% off.
The all-time high and silver.
Yeah, what we're seeing when big silver gets thrown off by what is
referred to as poor freedom.
Pause it.
So it's, you know, you're getting some of, these are some of the
biggest Minds on the planet and, and they're typically Polly metallic.
So, you know, typically you'll see like a Molly copper mine.
That's got a silver credit and you can get a tremendous amount of
silver coming out of pore free.
When you were talking about pure silver mines, which represent 30% of
the silver market.
Those are typically epithermal or vein systems generally and those are
typically found in country.
Like Chile Argentina, Mexico and Peru.
And in the industry, we actually refer to it as the cap.
We use the acronym camp and if we take a look at each of those
jurisdictions starting in Chile, and also talking about Peru, we've
seen some recent political changes and some some pretty aggressive
language coming from those in newly appointed, in those jurisdictions
about nationalization of some Industries, a higher taxes.
We're seeing that throughout Mexico and you know, Argentina.
It once again is going through another currency crisis and it's very
difficult to get to get money out of the country.
So what, when you, when you find in mind in a place like Nevada or in
in Canada, whether it's in the Yukon and Northwest BC, those are quite
rare and special in my opinion because those are politically safe
jurisdictions.
And so, you know, I look at my company Dolly Varden and I think that
Quite rare amongst a unique group of pure silver mines.
So I think you have to look at it from a case-by-case standpoint.
Then again, I was as I was deliberate in getting exposure to Silver at the time.
I was I was deliberate and the location and also the type of mine.
So I would not be Keen to go after a big open pit, you know large, you
know, maximum land disturbance.
The project, I was delivered in looking at an area that had
brownfields operations areas that had rich long histories of only
mining activities where they were high-grade underground vein systems,
so that their minimal disturbance.
And and I think that, as long as the companies willing to respect,
both the water and the local populations and and consult in a
transparent manner, your
Get permits.
That's been my experience here in BC and Canada.
And so, again, it's the type of deposits you're looking for and for
me, focusing on these types of special deposits, which are extremely
high-grade and again in our case.
We've got actually all the old historic underground workings that we
can exploit.
There's about 7 kilometers or four and a half miles of underground
where the at our site is a past producing site.
So a lot of silver was
Left intact.
Because the last time, our state was in operation, the price of silver
was 85, cents an ounce.
And so it just was not economic at 85 cents an ounce, as we see prices
above twenty dollars, that they're robust economics.
And if we do see silver continuing to rise, you know, it makes it
quite profitable.