Abra Silver’s Updated MRE: Better grade, better ounces, better project.

Time Stamps Below Companion Article and Summary Content: https://open.substack.com/pub/juniorr...

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Sometimes it is just obvious that a project will eventually become a mine. Abra Silver's Diablillos project is one of these. High grade, shallow, ongoing expansion, and new discoveries still lurking - it has all the trademark characteristics of a successfully exploited deposit. Even from such a strong foundation, Abra Silver improved in a material way from their recent MRE. Ignoring the resource growth, increased grade, and exciting new JAC zone being added to the mine plan for the first time, the part that caught my eye was the impressive improvements at silver recovery - improving a full 11% or more from ~73%-~84%. Their newly refined block model has also allowed Abra to better delineate their high quality ore. With a PFS due by PDAC, I am sure that it is going to have some very impressive numbers in it. This is one of those plays where, sure, you've missed out on the share price multiples that happens along the way to become such a powerful deposit, but it is very high confidence to still net you market-beating returns whenever the inevitable M&A transaction occurs, and will doubtless be a star if and when the bulls return.

Time Stamps

01:00 Brief walkthrough of the MRE Improvements

02:30 Explanation of where the new ounces are coming from

04:40 JAC starter pit grade and grade in general

07:35: Drill hole spacing for the different categories.

08:35: What is John’s Target

11:20: Further potential of other targets

12:05: Phase 4 Drilling (what’s next)

13:35: What is their plan with the copper/sulphides

20:15: What made you change your cut-off grade/block model discussion

24:00: Increased recoveries: Discussion

29:00: Strip Ratio and Depth of the Pit

32:00: Discussion on $ per oz Ag discovery ($0.17)

36:20: Final Thoughts