When the stock markets crash which they likely will sooner than later I will be holding my position firm here at SCI and other precious metal positions (shares and other forms of exposure). At that time unlike GFC near 10 years ago Gold and Silver will not initially drop but rather be off to the races. Companies like SCI that have precious metals in the ground will grind higher despite falling mainstream companies during that period. Big changes to the geo economic-politcial landscape are close at hand although you would not know it from mainstream financial media streams.
Gold/Silver/Copper will do well but the move to precious metals will only be one of a number of landscape changes that will occur. The rise of the Yuan Oil contract which will be Gold backed will be a global game changer. China is preparing for a century of building and development of the 'Silk Road'. Huge infrastructural developments will occur globally as this takes hold and China et al are going to need masses of precious metals as a back stop to trade and development as part of this new system and also materials/commodities that the likes of SCI will have to sell in time.
A large IOCG deposit of the type mooted in releases here will see this company rerated massively and whether in on out of ground the share price and company valuation will regard this well in time. Having precious metals in ground and confirmed is like an in ground vault and deals for future metals etc… will come on tap should some decent price rises occur in said metals and commodities in general as I expect.
Firm hold and buy for me.
JFI
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Mkt cap ! $6.336M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $100 | 25K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1409333 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 8374924 | 9 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1409333 | 0.003 |
15 | 25140997 | 0.002 |
11 | 13800499 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 8374924 | 9 |
0.005 | 5507285 | 6 |
0.006 | 5609402 | 2 |
0.007 | 2700000 | 2 |
0.008 | 2573500 | 2 |
Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
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