Value Microcaps Junior Miners

[dr_airtime]

SMT.TO - check out this PR

...I did zero DD on SMT.TO when I took my position but have now looked a litte and this PR is a must read. Sierra Metal's flagship Yauricocha mine has been operating for 60+ years and they just hit the longest, most continuously mineralized intercepts yet which suggests this mine has more decades ahead.

Was actually announced in January but SMT, being super illiquid, was horribly trapped in the downtrend from 2011 which it has now broken (link back to last post). SMT traded like a silver stock back in the 2009-2011 heyday and I expect it too again.

Trouble is you are wise not to load the boat with low liquidiy and miniority public shareholder effective interest (<50%) but there is definitely lots of upside left here.

The Esperanza zone has returned the thickest sulfide intercepts in the 60 year mining history at Yauricocha. Hole ESP-14 returned a length weighted average of 3.2% Cu, 1.7% Zn, 0.4% Pb, 1.01 gpt Au, 48.5 gpt Ag over 69.2 metres, hole ESP-15 returned a length weighted average of 1.8% Cu, 3.2% Zn, 1.4% Pb, 0.32 gpt Au, 61.5 gpt Ag over 70.0 metres and hole ESP-10 returned a length weighted average of 1.1% Cu, 4.9% Zn, 2.2% Pb, 0.25 gpt Au, 61.2 gpt Ag over 70.6 metres.

http://www.sierrametals.com/investors/news-releases/press-release-details/2016/Sierra-Metals-discovers-a-significant-new-high-grade-zone-at-its-Yauricocha-mine-in-Peru/default.aspx