gold mining

We have published a new Update Report on Silver Bullet Mines Corp. (TSXV: SBMI | OTC: SBMCF). The Company is advancing a dual revenue model combining mill concentrate operations in Arizona with a direct ship ore agreement also covering its Arizona assets, and Idaho upside with a planned bulk sample. Based on projected sustainable run-rate cash flow and a discounted 7.0x multiple relative to peers, we are maintaining our Speculative Buy rating and increasing our one-year target price to $0.70. The valuation reflects early-stage but improving operational momentum while acknowledging execution, liquidity, and grade sustainability risks. The report provides detailed financial analysis, valuation methodology, and discussion of key operational catalysts. [more]

Written by Edward G. Thompson, this article reflects on more than six decades in the gold mining industry and the evolution of gold price cycles. Beginning in the fixed-price era of the 1950s, Thompson traces how inflation, financial crises, and geopolitical shifts reshaped gold’s role across multiple market regimes. The narrative moves through the 1970s bull market, the post-financial crisis recovery, and the structurally driven rally of the 2020s. Drawing on firsthand experience with discoveries, financing cycles, and investor behavior, the article concludes that gold itself does not change. Instead, the world around it does, redefining gold’s role from speculative asset to strategic reserve. [more]