67 WALL STREET, New York - April 14, 2014 - The Wall Street Transcript has just published its Metals & Mining Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Mining Safety and Environmental Concerns - Global Iron Ore Production - Emerging Market Infrastructure Construction - Chinese Demand for Industrial Metals - Zinc Supply Deficit - Demand Growth in Zinc - Accelerated Grid Spending in China - Copper Demand in China
Companies include: Silver Bull Resources, Inc. (SVBL) and many more.
In the following excerpt from the Metals & Mining Report, the CEO, President and Director of Silver Bull Resources, Inc. (SVBL) discusses company strategy and the outlook for this vital industry:
TWST: Please update us on the progress at your flagship project: the silver-zinc asset at Sierra Mojada. What are your production goals and capex costs associated with building out that mine?
Mr. Barry: In that we're an exploration project going into development, we have delivered a preliminary economic assessment. Basically, the preliminary economic assessment contemplates project capital costs of just under $300 million to build the mine. We would be producing about 5.5 million ounces of silver a year and around 65 million pounds of zinc a year for a total all-in silver ounce per cost of around $6.50.
TWST: How do you see macro trends affecting future zinc and silver demand, and spot prices?
Mr. Barry: For zinc, it's extremely positive. Zinc is one of the few metals that has a higher long-term predicted price than the current spot, and that's due to both a current supply deficit and a number of major zinc mines that are going offline. For silver, it's a little more interesting in that it has both a precious metal aspect to it and also an industrial use. So silver is very tied in with the price of gold. We think that is definitely going north, particularly with some of the uncertainties in the world. But it also has a tremendous industrial use. So a lot of silver is already going to get used up in particular things, like solar panels. So we think both metals have a tremendous outlook in terms of their pricing.
TWST: Do you see the Ukraine crisis affecting dynamics in spot price or demand for either silver or zinc?
Mr. Barry: Sure. Again, it just is something that adds a little uncertainty to the world. The Ukraine crisis will get built into the price of gold, but you're also dealing with a tremendous number of other uncertainties. What's quantitative easing going to do to inflation in the long term? What's North Korea going to do? Tell me what's going to happen with Iran. So those are the kind of macro things I think that ultimately have an affect on the price of gold and silver.
TWST: What will a closer look at the company's financials reveal about the strengths and weaknesses of Silver Bull's balance sheet?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.