 Want to learn about stocks, cryptocurrencies, NFTs and the metaverse? Join RichTV.io Hi, how's everybody doing today? I'm your host from RichTV Live. My name is Rich, and I'm here with the CEO of Silver Elephant Mining Corp, John Lee. How are you doing today, John? Hi, good afternoon. Good to be back in your show. It's been a while. Yes, it has been, and it's very good to have you back on the show. And Gold and Silver are off to a great start here in 2023. Can you tell us a little bit about the most recent developments and any expiration updates that Silver Elephant has had? Right, Rich. The company has been around for 10 years and we're very lucky to have acquired our flagship projects. The name is Pulakayo. That had over $50 million spent on it, including over 100,000 meters of drilling. What we did in 2022, anticipating on rising interest rates, volatility in the market, and a bit of a down cycle in metals, we have preserved our share count and avoided dilution. So I would say the news is that we are alive and we're not like a few number of casualties, unfortunately, that have fell through in 2022. Our assets are good standing. We have a great share of structure, which is the financing recently of which the insiders participated heavily, and we're in jurisdiction that's up in Cumber, Bolivia, of which we're surrounded by a number of major producers. And what is one of the hottest areas for Silver Exploration right now, Rich? That's fantastic. I love Silver and I love Gold. And as an investor who's looking at getting into a Silver Mining company, what would be the core message that Silver Elephant Mining is trying to let investors know? Right, Rich. I am a charter financial analyst. I've been in the mining business for a blink of an eye over 22 years. And I would say it's already very difficult to time the commodity in metals market. It is a very cyclical business. We believe that Silver is entering into a supercycle. We've been through a very heavy correction trawl where Silver went down to 1620, merely four months ago. And in October, I said Silver is going to hit 30 in 2023. Lo and behold, three months later after we're already hitting 25, so I have to up my target to maybe close to 50. To answer your question, to answer your question, well, back in the days in 1980, Silver was 50 and Gold was at 800. Gold already taken out 1800 on paths of 2000. And typically on the top of a cycle, you'll have Silver outperforming Gold. So it's not inconceivable that Silver can easily hit $50. And so having said that, to answer your question, it's already very difficult to time the metals market. You don't really need another layer of a certainty on exploration risk, especially given that there's quite a number of companies, junior quality Silver exploration companies like Silver Elephant, that had a project already had considerable amount of money spent on it, whereas the replacement valley is multiple foes of the current valuation. So you don't really need to go in after some of the drill hole exploration plays that hadn't had resources. So the color to that is Silver Elephant, the highlight is that we have over 100 million ounces of indicated Silver in the ground. And that costs over $50 million to replicate if you had made a discovery. And I would say there are probably very few Silver juniors out there. I can count maybe with my two hands that can claim the 100 million ounce entry mark. Like the famous investor Rick Ross said, it costs as much money to permit and construct a big mine versus a small mine. So if you're going after Silver, you really want to look for a project that can produce you five, 7 million ounces a year at the very minimum, because that is the minimum bottom target that a major would be looking out for. So I think a pertinent question to ask the CEO would be, what is your target of the ultimate size of your Silver deposit? How are you going to get there? And what do you think if your strategy is to be acquired, what do you think is the magic number that potential acquire would deem as an absolute number on the low end, Rich? That's fantastic, John. And John, with 2023 just getting started, what are your top three things investors should keep an eye out for with Silver Elephant Mining Corp? Well, first of all, Silver Elephant was trading at a close to $100 million market cap merely two years ago. Not even two years ago when Silver was $28 an ounce. And the company now is trading at the lowest value ever in his history, company's history, 30 million shares at a 50 cents, a $15 million market cap. There is no, there's absolutely no, we have excellent community relationship. Our claims are in very, very good standing. We're in the middle of the hottest exploration area in Silver. There's a number of major producers that are surrounding us. And I would say, I think first of all is, I don't think you're going to see any negative surprises that will come out of the company. And we just did a $1.5 million raise. You're going to be looking at sort of rekindle the investor interest as we were really hibernating, per se, to try to preserve the capital until we sense that the market is bottom. So we're probably not as quickly to market to promote our company as other companies are. So I would say, I think first of all is to getting Silver. This, this is the place to be 2023 is the time for Silver because there's a major shift in the dollar hegemony. And the secondly is to pick the right company with the resources, such as Silver Elephant. And the third is insiders are participating heavily myself and several other associates on close to 15% of the company. So you're sure that the interest, there's the right alignment between the shareholders and the management, right? Continue drill. We're going to announce a drill program very soon and you're going to, I think people are going to be, people are going to be reminisced of the, the sum of the past spectacular drill results I put out, put out only just a couple of years ago. I can't wait. And we love here at Rich TV Live to find companies at bottoms with tight share structures and amazing, amazing assets in the ground. So you're falling into that category beautifully. Now with Coal and Silver, specifically Silver and Coal being the two main assets in Silver Elephant Mining Corp. Can you tell us how much has been invested into these two projects and which one is already cash generating? Right, Rich. As I said, I spent 20 years in the mining industry, first 10 years as an investor and the second 10 years I thought about running a 10 years ago mining company. This is hobby and all of a sudden turning into a triple overtime job for the last 10 years. The Coal asset is one we acquired 10 years ago and it's gone through a 10 year bear market. It happened at Rich 2022 while Silver was a down market was the best performing Coal was the best performing commodity for 2022. So we actually managed to put the mine, Coal mine, back into production and realized, started realizing cash flow in December of 2022. And the Coal and Silver both assets combined at over a hundred million dollars spent on these two assets, U.S. dollars and the company is trading at about one eighth of that valuation. What the Coal asset means to Silver Investor is the minimizing of the future dilutions to come, given that it's generating cash flow and you're getting a two for the price of one. I wouldn't be surprised if eventually sometime down the road in 2023, later 2023 that we have a spin out of the either Coal asset or the Silver asset. So you're really getting it at an absolute bottom level just for Silver alone and you're getting the Coal throw on top of it actually generating cash flow for you. I love that. Now with Silver Elephant Mining Corp only having and you talked about this 30 million shares issue now we love tight share structures. Do you need to raise any funds in the near future or do you feel that you have enough cash on hand to be able to get the goals you want accomplished for 2023? Right, Rich. As I mentioned, we did a $1.4 million raise of which we closed in two days. We're generating modest revenue from the Coal right now, which should increase over time. And we don't anticipate any financing right now not to say that if Elephant gets a big bump in the market that we might show up a bit of treasury to provide stable working capital going forward. Yes. John, is there anything else that you would like to let shareholders know about Silver Elephant Mining Corp? Well, Rich, we've received some of the shareholders say, hey John, stay strong, make sure you don't give up. The management is very keen of the super cycle that's to come. We have received a lot of insolicit interest for joint venture and other transactions of which we're not contemplating or entertaining. Pulakai represent one of the few exceptional Silver Depots that can boast 100 million ounces of Silver and more. And you're getting, you're basically paying something like around 70 cents less than a dollar. You're paying less than 10 cents for an ounce of Silver in the ground. It's exceptional value. And we were trading, we're one of the highest trading bought in company 2021 under the OTCQX. We had a turnover, entire turnover of the company in a quarter. It still happened that 2022 was a bit of a vicious down cycle and we had a 10 for one consolidation, which our shareholders do not like and enjoy. But however, I think all the voices over the babies throwing the water like everybody else. I think this is really the time, Rich, that investors look at their portfolio and be choosing about where you want to go and place the right bets because a lot of the Silver guys are going to rebound with proven Silver ounces resources in the ground, but there's some other exploration play haven't generated a discovery and they might not get to send the pork and leverage and lower and the same kind of a favorable reward to risk profile as Silver Elephant. Rich. Super excited to watch you guys continue to grow. I am here with the CEO of Silver Elephant Mining Corp, John Lee. I must bring the symbols to your attention in Canada. The symbol is E-L-E-F, put on your radar, put on your watch list. In America, it is S-I-L-E-F. I must remind you that Rich TV Live is strictly for information and education purposes. Please do your due diligence and do your research before you invest in anything we talk about or discuss. In saying that, I do believe that this is a company that is undervalued, under-appreciated, under-exposed, put on your radar, put on your watch list. Thank you for joining us today. The CEO of Silver Elephant Mining Corp, John Lee. Love to have you back on the show sometime soon, John. Thank you. Always a pleasure. If you're not winning, you're probably not watching. We bring you the winners. We bring you the news, CEO interviews, and we bring them to you first. Thank you for watching, everybody. This is Rich from Rich TV Live with the CEO of Silver Elephant Mining Corp, John Lee, saying, have a nice day. We'll see you soon.