By Bob Moriarty
321gold.com
I first wrote about Soltoro Ltd (SOL-V) in March of 2013. Silver was on a decline from $49 and change to just over $18. You couldn’t give silver away. Or silver companies. Silver is on the way back up and the silver companies have started to respond. Soltoro was $.08 at the end of December and now sits at $.18. It’s still one of the cheapest ways to buy silver I know of.
At their 100% company owned El Rayo project, Soltoro has a 43-101 resource of 77 million ounces of silver. That’s about 1.1 ounces of silver per share in an M&I category or about $.15 an ounce for silver in the ground. Soltoro has completed an additional 19,000 meters of drilling since the 2012 resource. They are working on an updated resource.