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Sierra Madre Gold and Silver Ltd V.SM

Alternate Symbol(s):  SMDRF

Sierra Madre Gold and Silver Ltd. is a precious metals development and exploration company. The Company is focused on evaluating the potential of restarting the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted, past-producing underground mine, which includes a 500 t/d processing facility. The Guitarra mine is located in the Temascaltepec mining district, over 130 kilometers (km) southwest (SW) of Mexico City and covering approximately 39,714 hectares. The Tepic project is located approximately 27 km south-southeast of the city of Tepic, the capital of the State of Nayarit, Mexico. The Tepic Project hosts low-sulfidation epithermal gold and silver mineralization. The project consists of five mining concessions totaling approximately 2,612.5 hectares.


TSXV:SM - Post by User

Post by Rainydayon Nov 09, 2022 10:55am
244 Views
Post# 35085306

2 more months

2 more monthsIt will be interesting to see the trading when SM begins trading again.
First Majestic has gone up since May as silver has been doing better so I would expect SM to be fine when trading resumes. But people who have been frustrated by the inability to sell (for any reason) over the past 6 months may blow it out the first chance they get and drive the price down - at least temporarily. My suggestion is to go back and refresh one's memory about this company, its management and the deal (it has been 6 months!) and have some cash ready if some cheap shares emerge when SM begins trading again. 
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