Santacruz Silver Mining Ltd V.SCZ

Zimapan

[Blazesb]

If the stock remains halted through the weekend i think we may be looking at seller's remorse.

Zimapan's owner was thrilled to have SantaCruz' lease payments.  Even more thrilled to escalate the lease into a sale.  Sale done. Silver going to the moon.  It's 'omigodwhathaveidone!  I'm giving this thing away!'

So they attempt a shakedown.  'Well i didn't really sign the mine away just yet...could take some time through yearend when your lease ends...'

It's a dirty business, mining.  I doubt this is happening.  But wouldn't be surprised if it did.

[macdtrader]

It would be nice to see Uncle Eric come in on the financing.  We wouldn't have to worry about further financing and the project would become derisked.

[cyanide5]

We need the halt to be removed ASAP. The price will move at least 10-20%. If they are to raise 20 million at these prices, that would dilute the shareholders by approx 40% at these prices. Better to wait for slightly higher prices especially when the silver price is on their side.  this would become a million and half ounces producer at that point. 1.5 million producer should garner at

[wanderer9641]

If they can go full tilt and accumulate profits for 5 months, it should reduce the total needed

[VoxContrary]

Agree - assume  Cash cost per oz of $18 and realized price of $23 - that's $5 cash margin per AgEqOz. Let's get a little aggressive and go with 400k AgEqO per month - that's $2 MM per month in Cash Margin.  It's reasonable to estimate that they could generate $5-10 MM in internal cashflow, leaving 13-18 MM to finance. With a payback of 1-2 years, they might could pull

[Fenstercheck]

They even bought some time by selling Zacatecas, before they even knew about the latest silver price explosion. Santacruz is able to extend the deadline for the payment to 31 march 2021! The Management accepted the bet of a rising price of silver already in 2019. Santacruz is even able to pay Zamipan by itself without any dilution. I hope they just go in full production till the end of the year