From CEO.CA TodayThis fellow states the present situation very well.
@Pdog SCZ will have a full quarter to report on new assets in their Q2 production and financial reports (released last year in Jul and Aug). Either way, their market cap is ~US$13m per million oz AqEq annual production. Silver producers average ~US$70. So if silver increases by $13/oz (and zinc a similar %), extra operational cashflow covers your share purchase price in 1 year. No brainer speculation if you are bullish silver and zinc.
@Pdog Glencore's annual report didn't break production or costs down sufficiently to estimate. Haven't checked quarterly statements. Can only infer assets produced US$8m of cashflow for Glencore in the 5 months from deal announcement to closing (amount upfront considerstion was reduced). Latest SCZ corp presentation has enough to indicate mine life (long) and SCZ's share of production (10moz AgEq, with zinc being biggest % of revenue).