Hi everyone. My name is Bill Murray, I am the CEO of Silver Phoenix Resources Inc., a Canadian junior mining exploration company listed on the Canadian Securities Exchange [CSE] in Toronto Canada under the symbol SP.
Due to the difficult times in the mining industry it is very onerous raising funds, so I thought I would create a cryptocurrency and secure it with future silver production.
In the mining industry it is common for companies sell a Net Smelter Return [NSR] or streaming royalty against part of the property in order to raise funds for exploration and or development.
A Royalty Company may purchase a set amount of silver in the ground from the mining company [before it is mined] at a discounted price.
Rather than selling 2.5 million ounces to one Royalty Company we are dividing our 2.5 million ounces of silver into grams, naming them Silverbits and offering them to a large number of people. Each Silverbit is represented by 1 gram of silver in the ground, secured by a Royalty. When the property goes to production the Silverbits could be redeemed for physical silver or cash.
The day is coming when your funds will be safer in the ground then in a Bank.
The Silverbits will be sold at a discount to the price of spot silver. Todays price of one [1] ounce of silver is about $19.30 USD and is expected to rise considerably in the near future as demand for physical silver increases.
The added advantages of Silverbits is that they may be traded on the crypto-currency exchange, where the Silverbits could be bought and sold with a computer or a cell phone for very low fees. No trading accounts or brokers are needed to buy or trade crypto-currencies.
To learn more about silverbits goto www.silverbits.ca