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Roulston says why to buy Santacruz Silver Lawrence Roulston, in the July 18, 2012, edition of Resource Opportunities, tells readers why to buy Santacruz Silver Mining Ltd., recently 85 cents. This is the first time he has recommended the stock. Santacruz holds the San Felipe, Gavilanes and Rosario silver mines in Mexico. It expects to start production at Rosario within six months, aiming for 600,000 ounces of silver equivalent in the first year and two million ounces by the third. San Felipe has a historical resource of four million tonnes at 78 grams per tonne silver. Santacruz is buying the property for $4-million, of which $2-million has been paid, and it expects annual production of at least three million ounces silver equivalent starting in 2014. At Gavilanes, drilling this year is intended to double the 17-million-ounce historical resource. The project's ultimate potential is estimated at 100 million ounces, a "realistic projection" in Mr. Roulston's view. The writer says Santacruz, as a relatively new public company (it started trading last April), has so far garnered little investor attention. With production set to start in six months, as well as the possibility of a multimillion-ounce production level, the company "offers tremendous upside potential." |
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| aus der Diskussion: | Santacruz Silver Mining (SCZ.V): Der neue Stern am Silberhimmel? |
| Autor (Datum des Eintrages): | Honeymoon (26.07.12 21:20:31) |
| Beitrag: | 9 von 5,417 (ID:43428666) |
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