Posts  / #POST-232948
REDDIT

$SM.V sitting at $1.37 debt free with a 30,000m drill program starting. Someone explain why this isn't moving.

Sierra Madre (SM.V) is sitting at $1.37 while everyone is busy panicking about $58 silver and I genuinely cannot figure out why this isn't getting more attention.

Debt free as of last week. Fully paid off a $5M USD loan to First Majestic.

Just closed the Del Toro silver mine acquisition. First Majestic sold it to them and then kept 24.8% of the shares. Make that make sense if you think the asset isn't worth owning.

30,000 metres of drilling starting in H2 into 39km of ground that has literally never been touched by a modern drill. Colonial era silver structures mapped the whole way through.

Positive cash from operations. New asset. No debt. Drill season starting.

$58 silver won't be $58 silver forever. Six straight years of supply deficits says so. And when it moves SM has more going on than most of the names people are actually talking about.