RE:RE:RE:RE:RE:another $1 Million dayI see. I guess imbedded therein is an explanation of why volumes have been so low. There is little agreement between buyers and sellers as to what the market clearing price should be.
I had a limit order to do some profit taking at $0.45, which was partially filled a few weeks ago. However, the bulk of my shares are only available to buy at $2 or higher, which implies a market cap of $700 MM or so. That's my best (gut) estimate for the intrinsic value of Santa Cruz today.
Silver may have to get to $50 per oz. for a buyer to be willing to pay that, but that is not out of the realm of possibility.