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Impact Silver Corp V.IPT

Alternate Symbol(s):  ISVLF

IMPACT Silver Corp. is a mineral producer and explorer with mining projects in Mexico. It is engaged in silver, zinc and lead mining and related activities, including exploration, development and mineral processing in Mexico. Its operations include Royal Mines of Zacualpan Silver-Gold District and Plomosas Zinc-Lead-Silver District. It owns 100% of the 211 square kilometers (km2) Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead. Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. It is producing mines are the Guadalupe Mine, the Veta Negra Open Pit Mine, the San Ramon Deeps Mine, and the Cuchara Mine.


TSXV:IPT - Post by User

Bullboard Posts
Comment by pipefit2on Jul 03, 2015 2:52pm
207 Views
Post# 23890346

RE:RE:Cash position very low

RE:RE:Cash position very lowThe stock price has broken down through support, same as for the Venture Exchange composite, as well as most gold stock indexes such as  hui and xau.

Gold and silver are very weak.  Low crude oil prices might appear to help miners, since fuel is a big expense.  But you don't want oil to be breaking down so badly if you are in gold and silver investments, since it means it is risk off in the markets.

They really need to cut expenses to the bone and conserve cash, because I think gold and silver have a lot lower to go.  For someone with no position, it is not too early to START averaging in, but for a gold/silver stockholder, I would not add yet.  Let a clear sign of a bottom present itself first.
Bullboard Posts