Post by
Blazesb on Mar 28, 2022 4:06pm
SCZ is a Silver Producer First
The market has repriced SCZ rewarding the acquisitions completion. That only goes so far.
Silver remains range bound notwithstanding the recent geopolitical bump. So i guess its silver that will drive the share price. Breaking through that $30 ceiling remains key.
Zinc is in the stratosphere...the share price not so much. If the market viewed SCZ as a zinc miner first the share price would reflect that.
I think Q2 earnings will tell us a lot we won't know from Q1 earnings because they will reflect a full quarter of SCZ ownership.
The wild card is inflation raising production costs. Does anyone out there know how those new power plants are fueled? Most mines burn diesel.
Comment by
tarnoir on Mar 28, 2022 7:39pm
I think the revaluation of SCZ will continue regardless if Ag prices hit $30 simply given the huge production increase. Today is a beauty of an example that in the face of a big down day in PMs, SCZ had a great day on decent volume. Technicals look solid and very bullish IMO.
Comment by
Lifexprt on Mar 28, 2022 8:20pm
That is only because someone with a good following put in on their radar. It will correct over the next few days. Nonetheless a good buy for sure.