Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Santacruz Silver Mining: A Unique Speculation Stock With Limited Downside Risk

This article is about Santacruz Silver Mining (OTCPK:SZSMF). Santacruz Silver Mining has a market capitalization of $107 million, or $117 million fully diluted. The company currently owns three properties in Mexico: Rosario, which is a small producer, and San Felipe and Gavilanes, which are late and early stage exploration properties, respectively. In addition the company had roughly $17 million in cash as of the end of March.

Silver Mining has an interesting strategy. It is developing small mines on its properties, and spending very little capital to do so, in order to generate a small amount of cash flow in order to further explore its properties. For instance it brought its Rosario mine into production with just $10...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details