OTCPK:CRZNF - Post by User
Comment by
equitymonger8on Sep 26, 2013 6:15pm
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Post# 21771266
RE:Silver Prices Way below the Cost of Production
RE:Silver Prices Way below the Cost of ProductionTruer words were never spoken in the CZN "dilemmna".. the fact that the Hunt brothers spent 50 million on the mostly intact infrastucture doesn't help the sp, the 1000 ton per day mill doesn't help ( its small ), the 5 kilometers of underground workings don't help, Vatacoula doesn't help, a large Management team ( albeit pretty decent I think ...) with very nice corporate offices and concomitant burn rate ..with a world class view does not help the sp , the permits were supposed to push the sp 30%, but it fell instead, A 60% SWING..so I guess it is all up to GOLD..
For if it ever gets let off the mat by the Big Fish US FED Manipulators, who have their collective foot on Gold's rhetorical throat, silver will follow, yet even in the last big push by silver a few years back it did not help the CZN sp, don't despair, this is the worst environment for mining stocks EVER.. so more downside is UNLIKELY..at least you are not held hostage by low volume and can liquidate at will, as the preying mantis' that wait for you to sell low. All the Best
EQ8