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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 VoxContraryon May 27, 2021 8:37am
126 Views
Post# 33274222

RE:RE:RE:I like this action

RE:RE:RE:I like this actionI agree with all points.  The positive company fundamentals are the main reason I invested years ago.  This leadership team are proven operators.

I'm less certain about this whole narrative that Silver is the most shorted asset in history.  I get that a lot of people like to think that and talk about it, but I found the recent Saturday Palisades podcast with Jeff Christian to be a credible counter-narrative.  I understand that many folks think he is a shill for his clients and the status quo, but he did a better job of explaining the guts of the market than any other podcast guest I have run into.

Provided silver prices stay steady, SCZ will continue to run higher on organic growth within their existing mines.  Net cash flows can be invested in more equipment and infrastructure, and we gradually grow from $167 MM CAD market cap to $500 MM.  That puts us at about $1.20 USD, assuming no more dilution.

Here's the kicker: as we have several thousand hectares still to explore, imagine what could happen if we run into some higher head grade ores.  This region has been in production for a long, long time.  I posit that the early days had much high concentrations.  I remain optimistic that the team will uncover similar, more valuable ores down the road.  That will be when market cap could jump up significantly.
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