Gold, Silver and Copper are going off… break out gathering speed and the geo political/military risks are huge currently and do not seem to be de escalating but rather deteriorating. The US debt ceiling issue is closing in on the horizon and there are numerous concerning financial woes swirling globally which suggest major risk to downside for markets. Precious metals complex seems an incredibly god space to be currently.
SCI is well placed with current work as well as Silver/Zinc/Lead. Thinking Razorback and Cobar make sense given the current state of affairs on the world stage.
A firm buy and hold, buy and hold for me long term. Upside case remains very strong here as I analyse it.
As what spot price for Copper/Gold/Silver/Zinc will this have to get rerated regardless of any other factors present.
JFI
SCI Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
