Global Hunter Securities Starts Silver Bull Resources (SVBL) at Accumulate; Exploration Upside Potential

Global Hunter Securities initiates coverage on Silver Bull Resources (NYSE: SVBL) with a Accumulate. PT $0.95.

Global analyst said, "Silver Bull Resources is exploring and expanding a large near-surface silver deposit, Sierra Mojada, in the mining-friendly jurisdiction of Coahuila, Mexico. We believe given the exploration success and future potential at Sierra Mojada; Silver Bull is at an attractive valuation at current prices. Silver Bull is pursuing an aggressive drilling campaign to both expand and upgrade the existing Silver resource; in addition Sierra Mojada contains over 5 Billion lbs. of zinc also near to surface."

For more ratings news on Silver Bull Resources click here and for the rating history of Silver Bull Resources click here.

Shares of Silver Bull Resources closed at $0.65 yesterday.

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