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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

Comment by Blazesbon May 22, 2021 4:47pm
149 Views
Post# 33254473

RE:I like this action

RE:I like this action
VoxContrary wrote: Share price is up significantly (20+%) this week on moderate trading volume and flat Ag prices.

This tells me that someone new is accumulating shares, but slowly.

Given that I was already overweight this stock, I have the best problem in the world - trying to decide when to capture some gains as I rebalance my portfolio.  Put simply, when do I let go of some shares.

Any thoughts on that?  Given that I acquired some as high as 0.77 USD in 2014, I'm thinking of liquidating those when they get back there, but I would welcome some wisdom from this group as to what the 18 month upside is from here.


Since you asked.  Don't sell at .77US.  Let silver's two dynamics work for you.  As a commodity metal with increasing industrial demand AND as a precious metal and thus an inflation  hedge.

The company has made fundamental improvements with near perfect timing to take advantage of  this silver bull market.

I expect SCZ to end this year between .50 and 1.00 CAN.  2022 between $1 and $2.  2023 over $2.

The $50 US silver all time high is probably and inflation adjusted $100. It could happen.  You have to let it happen though.

Hang in there.
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