Andrew Williams, CEO New Pacific Metals Joins GP.
I’ve been all over the New Pacific Silver Sand story for nearly a decade. In fact I was the first analyst in the world to estimate Silver Sand resource of over 200 mil ounces. The 200 meter wide width drilling results stood out to me. In the 15th century the largest cities in the world were London and Paris and….Potosi in Bolivia. Potosi is home to Cerro Rico the mountain of Silver that fueled the Spanish empire for nearly 300 years. New Pacific found a new mountain of Silver at Silver Sand located just 45 Km away from Cerro Rico. Silver Sand is a rare 100% pure silver deposit that is directly leveraged to the silver price. Mining costs are very low in Bolivia at about $25/tonne vs $250/tonne in Mexico which drives strong economics.