 This morning I'm with John Carter PDAC 2024. It's day 3. How are you John? I'm very well thank you and you? I'm very good. You are my source. This is my source for silver. Every time I want to know about silver it's a silver bullet mine CEO John Carter that I call. So Arizona silver can we have an update? Yes of course. We as you know we built a 125 metric ton per day processing facility and Tracy has a picture of it down there and three years ago it was cactus cowboys and rattlesnakes and now it's a full functioning high efficiency gravity circuit that we process silver bars from our mine which is about eight miles away and it's it's we own the whole plant we own the property and we're looking to move into a production scenario and what that will enable us to do is to reduce our or reduce our dilution by reducing the necessity for us to have to go out and borrow money from our shareholders by doing finance and use that to explore our over 5,000 acres. So I'm good at back everybody out there is going wait can't wait do you mind if I see this all right so this is poured at silver bullet mines right now so you're an exploration company it's already in production that is already generating revenues is that correct that's the plan right the plan is is to be an exploration company but not an exploration company that has to finance to do the exploration we will finance ourselves by generating revenue from our mine and our mill one of the first we're going to do another one this year but right now we're focused on getting Arizona up into a position where we can then generate it we have a complete exploration program but we're going to generate revenue to pay for that rather than ended up with 300 million shares outstanding well because I'm such a fan of silver bullet John and of course John had our highest record-breaking numbers on our YouTube channel for likes would you mind looking into that camera and telling us the top three reasons why an investor should be doing their due diligence at looking at silver bullet mines well the top three reasons number one obviously is our structure our structure is designed to protect our shareholders the worst thing about junior mining in my opinion just as an opinion who's lost a lot of money in it like everybody else in this business is that if you hit it great if you don't hit it next thing you know your stock is being consolidated and the next and and you're moving on to the next event I don't want that to be us we've got a really tight share structure we have 69 million shares outstanding of which we control about half of it and or good hands and that way by generating revenue I don't have to go out especially with our prices down the way they are in all the junior mining we can just generate revenue put our profit into our exploration programs and that way we can give them a lot of upside you know when the market changes or things improve or we just keep doing what we're doing but the idea for me was always in my business I exported over 40 countries I built over 200 mills I've been every really nice place in the world to put a plant and one of thought this is an opportunity for us to take that experience and put that to work by generating a small mine and and using the home stake approach where you know you don't have to have a 43 101 and also I like I think it was Rob McEwen said find a mine the best place to find it is in the shadow of the head frame so I focus on past producing mines things that were mined maybe in the even at the turn of the 20th century and then we put them into production follow the vein and do our job and use the money that we generate from that revenue stream to find out like in Arizona we have the potential not only for where we are working out of the Buckeye which is 15.59 acres of the 5000 we have the potential to build a resource on the McMorris and the Silver Sevens and the McClellan and the other thing think about it you know in Arizona or anywhere in North in North America you're gonna dig a hole in your backyard they call it a mine well we our mine has a 700 foot shaft a 250 foot shaft we have 74 at its we have two old past producers on it including one so old that it was an Arista I don't know if you know what an Arista is but it's you know it's a rock on the ground with a donkey that walks around you put the ore on it and that's how it gets crushed well we have one of those on our property and we have an old stamp bill which is the next technology after the Arista so it's there we know it's there and we it was being out and processed and direct ship to the smelter in San Francisco so we know we got it so let's go in there let's generate revenue from that build a resource to give everybody the happy feeling and then we also have the potential for a porphyry copper you know we've done over 800 soil samples on that and we've come out with over 70% of them were anomalous for copper and silver as high as 10 ounces of copper or sorry 10 ounces of silver and over 1% copper so there's something going on there and you say well what makes you think that it's there well I look eight miles away and I'm looking into the pit that was the old free Port Mack Moran's Miami operation so you know we've got an awful lot of positives going for us and the grades again I can't control the price of silver and I can't control the grade other than it's good grade and they'll continue to improve as we move forward we've been following silver for a long time in fact Jack Lipton our team tells me that silver is the number one technology metal so the price of silver right now should it stay there you think it should rise can you comment on the price of silver you know I get this from my shareholders all the time call me up and everybody tells me a silver is going to $200 silver is going to $100 silver is going to $50 and I used to I used to have an opinion at that time now I just say okay because I can't argue with that but my own opinion is here's a problem with silver in terms of it being $200 I don't think it's going to be $200 what I think what happens is right now they use it silver is a lot used in industrial applications so therefore it's it kind it's going to peg it on my opinion only is going to peg it a little because if the price goes to $200 you're not going to be using silver in some of the applications now it's now used in because of its price and as another example if you recall back in the day gold was $60 an ounce they were putting two ounces of gold in a in a zenith television you don't see two ounces of gold in the zenith television anymore I guess you don't see zenith anymore either but but the fact is is that if silver goes to $200 they're going to be looking for something else to substitute for it so I think it's I definitely think it's going to go up because I think it's there's more there's more demand than there is supply but I don't see 200 but you know what I could see it 30 to $50 silver which for me would be awesome obviously because you know I produce 90% concentrated silver so that's just my personal opinion but I think that that might cap it is only because of the industrial applications so not only would I enjoy a picture of an Arista because I did not know what it was before this interview so thank you for that but can you tell me what shareholders should anticipate in the upcoming quarter well what they're going to definitely see is us in production and producing on a regular basis we just finished getting our M Shaw approval which you know that puts us with the big boys you know there's a lot of little mining companies out there that skirt along the edges and don't go to M Shaw or the state mine the reporter recorder we we decided we do it the other way we would do it right it's not happy place my shareholders you know don't are not are a little upset that it took believe it or not that it took three years to where we are that picture you have that was a field three years ago now it's got a full functioning we even have our own well 450 foot well some of my shareholders say well what are you going to do for water we have a well it's permitted by the Arizona Department of Water Quality it's there and we own it and we own it all and everything you see there we own so what you're going to see is we hope obviously if Silver stays and everything goes well we're going to be generating revenue on a continual basis we're going to take that and start to develop our exploration program and then we're going to go in and do our Idaho plant that'll be the next thing well you heard it here Silver Bullet Mines producing in the United States for more information please go to their website John as always it's such a pleasure thank you very much it was a pleasure as always