RE:Down we go againvanex wrote:
61..60..59....on the way to .25
What a piece of *rap
While I'm pretty skeptical about the state of Primero right now I don't think it will drop to $0.25CAD. That would bring the market cap to CAD$47M . According to the annual report San Dimas has +41M oz of silver in 2P categories. According to the streaming agreement with the SW Primero was selling 6M oz annually at a $10-12 /oz discount. $60-80M profit to SW per annum. US. I don't expect the Q2 to be stellar and the sp most likely will drift down (in absence of major developments). But the company still has the value. $0.45-$0.50 may be? From there the jump to 0.75 is your 50% bounce.I don't think it can jump from $1 to $2 any time soon. In the meantime, as I said, wait and see.