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Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SZSMF

Metals & Mining Industrial Metals & Minerals
Santacruz Silver Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and trading business are also in Bolivia. Bolivar Mine is located in the state of Oruro in Bolivia, and municipality of Antequera. Paved roads connect Bolivar to the capital city La Paz (298 kilometers), Oruro City (75 kilometers) and Poopo Rail Station (22 kilometers), which is the concentrate warehouse and dispatch. The Caballo Blanco project consists of three separate mines and one process plant operating as one to produce Zinc and Lead concentrates. The mine is 34 mining concessions covering an area of 5,139 hectares, including the highly prospective 337-hectare Santa Gorgonia 1 concession.


TSXV:SCZ - Post by User

Santacruz Silver Mining Ltd > DILUTION 80 MIILION SHARES(WITH WARRANT)
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Comment by MacRellenon Mar 04, 2021 6:39pm
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Post# 32724267

RE:DILUTION 80 MIILION SHARES(WITH WARRANT)

RE:DILUTION 80 MIILION SHARES(WITH WARRANT)
This latest PP seems awfully generous of them, and may help explain the 25% drop in the share price over the last week or so. I still think the future for Santacruz looks good, though not as good as I had hoped a couple of weeks ago.

After this PP they'll have 301M shares outstanding, 428M fully diluted. Gives them a market cap of CAD 90M (128M fully diluted) at a stock price of 0.30. If they manage to deliver the guided production of 4.5M oz AgEq per year at an AISC of USD 16, I'd say there's still quite a bit of upside potential.
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Dealroom for high-potential pre-IPO opportunities