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krkelly

155 Posts.

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23/01/19

01:00

Post #: 37193273
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Originally posted by Snaganas ↑

I can only go on what is public knowledge or what I can personally verify but I can't understand where such talk comes from. Yes, if this was just a company trying to establish a resource into the headwinds of a bubble market then I'd be out, but this is not:

1. Zinc prices are stabilizing at the 5 year average.
2. Zinc inventories are drifting down and following a long term down trend towards ZERO.
3. Zinc economics are not boom bust (to my understanding) in that there are so many reasons for companies to need it that general global demand makes SL1's contribution important but nonetheless small into a market where demand is still outstripping supply.
4. Lead prices and inventories are also starting to follow the Zinc pattern.

Symbol is PRODUCING zinc and exporting it right now, to buyers at market prices. Cash flow is what really matters in this phase of the broader market cycle, so I am not changing my positive sentiment at all until I know more facts. All IMO and DYOR.

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a few things I like about sl1

1. stock pile levels all time low

2. shipping out zinc

3.new plant about to be finished to help recover more zinc

4. a lot of lease land to be drilled

5. zinc price has a stable future (imo)

6.new mining trucks

7. GMT trucking the zinc to Lagos (probably the best company for the job (imo)

any criticism to these points is welcome just don't be rude

SL1 Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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share price, page-32

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game