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Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SZSMF

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

Comment by Blazesbon Nov 22, 2021 2:15pm
100 Views
Post# 34153863

RE:RE:Supplies Tight For All Commodity Metals

RE:RE:Supplies Tight For All Commodity Metals
tarnoir wrote: That might be true but the market doesn't seem to want to price any of this in (at the moment). Maybe just a broad small correction in the mining/commodity space (?)


Agree...with reference to SCZ specifically...I think the market 'doesn't seem to want to price any of this in' because it doesn't have enough information.

What is this thing?  Silver miner?  Zinc miner?  Okay, both obviously, but what percentage is silver vs. zinc?  We only find out next April/May with Q1 earnings.

Any free cash flow in the next four years goes to servicing 90 million in debt plus the royalty.  That we know.  Dilution is on the way.

With zinc thrown in we're still surfing silver but NOT as we were before. 

I bought SCZ as a silver turnaround story...a mgmt putting its house in order.  I'm not yet at the point where i view the new SCZ in that light.

I may get there.  We'll see.  In the abstract i kind of admire the conceptual leap it took the owner of the now closed Rosario silver mine to purchase Zimapan AND now this thing.  All within a year.  He's got balls.

But yup, as you say, 'the market doesn't seem to want to price any of this in at the moment'.     

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