Post by
Evrytingisawsum on Jul 22, 2020 10:19am
Capstone SILVER
With silver being all the rage right now and touching $23/oz, i wanted to highlight the silver stream opportunity with Capstone. Recall, CS had a big stream for 10 years that ended in 2017 and was not renewed. This generated boat loads of free cash flow during that time. Now at $23/oz silver stream at Cozamin with a 20% ongoing payment based on the company's guidance of 1.5mozs for 8 years or so, is worth $200 million USD!! At $30 silver this goes to $255 million. Their market cap is only $300 million. With the recent deals going on with royalty streams, CS mgmt must be getting bombarded with interest in their silver. GLTA.
Comment by
Dickey01 on Jul 22, 2020 10:32am
Great post! I knew that there was a reason we were doing so well other than copper prices. We've definitely been out performing our peers in base metals! I'm so glad management has turned this ship around in the last year or so. GO CS GO!
Comment by
TheeRook on Jul 22, 2020 1:53pm
But Capstone would make more $$$ just Holding / selling the silver on their own.?
Comment by
Evrytingisawsum on Jul 22, 2020 2:01pm
Always an option, but sometimes certainty and $$ in the bank is better than uncertainty. Not their primary focus anyways.... .but not an easy decision.