RE: RE: RE: I love SST at these levelsThe specific numbers quoted by management on the conf call this week, was a threshold price of $1 - $1.10 for the 3 mines that make up the 4.5M equiv oz forecast. 90% of this is from Minto and Cozamin, which is the exact same mgmt team as SST, so they should know better than anyone. Now whether they are 100% truthful is another question I can't answer.
The concern about the byproduct business model is valid, but I believe it's over done. At $0.50, the mkt cap is just $60M, not much more than they just paid for Minto. For long term holders, I can feel your pain and frustration (from other holdings), but I am looking at this entry point and risk/ reward going forward. If gold/ silver make a run up, they can generate cashflow equal to the current share price in a very short time.
I would like to see management buy some shares at this price to show their confidence before I dive in too deep. All the best.