Seems like SVL has rallied on news of a drilling campaign in Tuena and Bowdens.
Other than that traders are treating this more as an "Silver ETF" since it rhymes with the word "Silver"?
Just a few observations:
The point is there are better plays out there such as ADT.
Also, unlike ARD (which is a spec stock I own), SVL doesn't have water permit rights for their project.
Finally, like Mcphillamys, Bowdens is located in prime agricultural land so approvals will take time and hence there may be a good chance of another capital raising to keep afloat.