Post by
Magnum2 on Feb 28, 2024 5:01pm
The Newsletter writers are claiming Silver is the
next Uranium, looking for a decent Silver play.
Wow, tough to get excited here, Mexico is "blackhole" IMO for Miners since changing the laws on royalties just a few years ago. Add in CMB financing with 3.5 ct units, big ouch.
Still waiting on a rollback CMB or seeing them sell some asset for a profit, can't see this share price going anywhere for a long time.
They may try some drilling with the few peanuts they have left in the bank, but now they are on an endless wheel of dilution given all the carrying costs on this Mexico play alone, not sure what else they need to maintain in the Yukon? Definitely not the right time to be taking on further cash requirements, very poor move IMO mining assets are almost worthless at this time.
Gold should be a first mover in 2024, we'll see if Silver tags along.
GLTA