S32 2.01% $3.42 south32 limited

Ann: Hermosa Project Non-Cash Impairment, page-74

  1. 131 Posts.
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    Im in s32 because of Hermosa....I see this as a silver mine. My outlook for silver is filtered by rose lenses.... also Cannington mine will produce for many more years as a silver mine as well, at a certain price. Monetary silver?. Then we have doctor copper. Shell oil is moving to provide recharging stations on scale....Massive copper demand... Cu/Ag/Au effected. At 300 million silver ounces Hermosa must be worth a minimum $6 billion at US$20 oz ..or half one of those figures. I believe any write downs are an accounting game and the real outlook is something above expectations. This is not investment advise.
 
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