Santacruz Silver Mining Ltd V.SCZ

Share Price

[tarnoir]

Looks ready to run. Nice again. Volume is picking up too. Giddy up!

[hurko22]

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[tarnoir]

Well, that didn't work out so well. Gotta eat some crow. Somewhat surprised given how well Zinc prices are holding up. Hopefully just a technical retracement but doesn't seem to be able to find a floor. I want to buy more and now is a good opportunity (I think) but don't want to overpay if I can get in cheaper. Ag prices also still struggling so likely the reason, hard to say (?). All

[greendayyyy]

So undervalued. Production of 3.2 million ounces of silver and the agreement with Glencore that will increase production in the future. I'm looking at junior developers that are priced above SCZ and far from being in production. I'm looking at ASM with a price of $1.20 and production of less than 2 million ounces. IPT a small producer of 600,000 ounces with a higher price than us. SCZ

[TheCardinal]

You're unnecessarily overthinking this situation.  Here it is in very easy-to-understand terms:  Santacruz has just completed a transformational event that has turned it into an ATM Machine OK? So, your only question needs to be :  Do I have my SCZ ATM Card in my wallet? 

[tarnoir]

I totally agree with you. I think we're just suprised by the anemic response from the market. 

[TheCardinal]

The perception is slowly changing, albeit not as quickly as we'd all like it to do so;  case in point: the PM stocks are starting to outperform the general equities, check any Dow vs. GDX or Nas vs. GDX chart.  On recent days when the Dow and Nas were getting killed the PM stocks were going up or at least not giving ground. Six months ago they would have been taken behind the barn