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SPROTT RESOURCE HOLDINGS INC T.SRHI

"Sprott Resource Holdings Inc invests and operates, through its subsidiaries, in the natural resource sector. It has investments in oil and gas exploration, production and services, mining and agriculture."


TSX:SRHI - Post by User

Comment by nickbillfishon Nov 16, 2018 3:58pm
91 Views
Post# 28987192

RE:RE:Excellent time to buy based on...

RE:RE:Excellent time to buy based on...Listen to the conference call or read the financials.   They only need to raise $15 Nillion for base case and they said discussions are in advance state for funding.    Heck we will have $20M in cash end of quarter.    Remember they just expanding the mine, over $200M+ was already spent by previous owners to build infrastructure.    

Also Not included in the financial projections is additional crushing for other miners which is additional revenue not factored in.     I doubt copper going to ever drop to $1.65/lb which is our cost.   Takes billions to develop a new mine and few are in development.
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