Some quality discussions going on here. As you would expect from pros like @Ashentegra
Cant add much more to that other than fact that S32 is fantastic value and don't forget the Zinc. Its not a commodity that gets lot of attention but all the bad press around low IRR for Hermosa and high zinc price assumptions were perhaps uninformed.
Hermosa will prove to be a really well timed investment funded by proceeds of coal disinvestment and opening up a pipeline of growth opportunities in that region with higher rate of returns (Much of the capex will already be spent as part of initial construction capex)
S32 Price at posting:
$3.31 Sentiment: Buy Disclosure: Held
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