OTCPK:CRZNF - Post by User
Post by
bot_feederon Feb 23, 2011 10:50am
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Post# 18179854
Silver?
Silver?
The recent rise in CZN could have a lot to do with Silver. Silver stocks have been on a tear as silver prices have risen in recent months.
So people are probably out there saying, hey, where's someone who has silver in the ground who isn't exorbitantly expensive. And they run into CZN. They also have zinc, but it wouldn't make any sense for an investor to shun CZN simply because they aren't a pure silver play. Ideally if commodities prices are robust enough they can mine Prairie Creek and pay for the cost of mining out of the zinc revenue, and wind up with one of those really attractive polymetallic mines where they treat it accounting wise as a silver mine with zinc as a byproduct, and then they are able to produce silver at like minus 5 dollars per ounce "net of zinc credits".
That is a pretty realistic scenario assuming robust commodities prices (little risk that won't happen consider the deranged money-printing central bankers), and of course also assumes they are able to get all the permits to proceed with mining.