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Sierra Metals Inc T.SMT

Alternate Symbol(s):  SMTSF

Sierra Metals Inc. is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. Yauricocha is an underground mine located in the western central Peru in the Yauyos province, approximately 12 kilometers (km) west of the Continental Divide. The Yauricocha property covers 18,778 hectares that straddle a 20 km strike length over the prolific Yauricocha fault, a major ore controlling structure in this part of western central Peru. The Bolivar Mine is a contiguous portion of the 15,217-hectare Bolivar Property land package within the municipality of Urique, in the Piedras Verdes mining district of Chihuahua State, Mexico. The Piedras Verdes Plant, which is located six km from the Bolivar Mine. The Company has large land packages at each of its mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.


TSX:SMT - Post by User

Bullboard Posts
Comment by pipefit2on Apr 11, 2014 10:09am
274 Views
Post# 22439266

RE:RE:RE:RE:RE:not hard to figure out

RE:RE:RE:RE:RE:not hard to figure outThe late December price action looks like a pump and dump.  I'm not saying it was a 'pump and dump', but that is what it looks like.  Investors that take a look at that are not going to like it.

The charts for the four products (copper, lead, zinc, and silver) all look o.k., if not great.  

The DOW is poised to put in a lower low, and the S&P 500 has already done so.  My guess is that investors are skittish.  I think that patience will be rewarded here and elsewhere.
Bullboard Posts