good work to the person who jumped in at 29.5 cents. If it gets back to that level i will be getting more.
at 29.5 cents the company has a market cap of $35m. They have 50 million oz of silver in the ground which is selling at $18 an oz. This means that the market is implying that CCU will have cash costs of about $17.40 per oz mining the stuff out of the ground. I'm pretty sure they will mine it for half that cost. Seems very undervalued to me or am i missing something?
CCU Price at posting:
31.8¢ Sentiment: Buy Disclosure: Held
