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Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SCZMF

Santacruz Silver Mining Ltd. is a Canada-based company. It is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and trading business are also in Bolivia. Bolivar Mine is located in the state of Oruro in Bolivia, and municipality of Antequera. Caballo Blanco mine consists of three separate mines and one process plant operating as one to produce Zinc and Lead concentrates. Porco mine is located in the Porco Municipality of the Antonio Quijarro Province, in the Potosi Department, Bolivia. Zimapan mine consist of 34 mining concessions covering an area of 5,139 hectares, including the prospective 337-hectare Santa Gorgonia one concession. It is seven kilometers from the municipality of Zimapan in Hidalgo State, Mexico.


TSXV:SCZ - Post by User

Bullboard Posts
Comment by baystock1on Dec 19, 2017 10:06pm
573 Views
Post# 27192501

RE:OUT OF THE FIRE INTO THE FRYING PAN

RE:OUT OF THE FIRE INTO THE FRYING PANThere is still a lot of risk due to the poor balance sheet. But that is why the share price retraced all the way back to the early 2016 lows. I don't know of any other good silver producer/spec that has done this. I bought a lot of shares yesterday.  But don't think I will add any more due to the high risk. I anticipate that within 2 months or so scz finances will get bailed out by a rising silver price and a rerun of the spectacular moves seen in silver stocks in first half 2016. The coming move in 2018-19 should be even bigger I think.
Bullboard Posts