Every why hath a wherefore

Silvercrest $SVLC (SVL.to) (SVLC) 1q14 production numbers

Also sucked. NR here:

SVL is a funny fish, as that chart above shows. The way it keeps the fact that the lion’s share of its “silver” production come from gold ounces equivalent, for one thing. Because if you turned things around, ignored the silver word in its corporate title and ran its numbers on a more logical gold equivalent basis…
…it turns out to be a 10k to 12 k per quarter gold producer. That gets a $250m market cap (!!). Just goes to show, style beats substance every time.
What a weird and wonderful sector this is! You have small gold producers like SVL pretending to be silver producers because it makes them look better than they are. Meanwhile, you have small silver producers like Gold Resource Corp (GORO) shamming the world into believing they’re a gold company in order to maintain their own preferred line of bullshit. And then people wonder why the markets don’t take these companies seriously.

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