Commentary
Scorpio Mining Corporation
SCORPIO MINING CORPORATION
(SPM-T C$ 0.25)
The Company explores for gold, silver, zinc, copper, lead, and diamond. Scorpio Mining Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.
The 100% owned Nuestra Senora Project is located approximately 10 kilometers east of the town of Cosala in Sinaloa State, Mexico.
Scorpio Has 6 million cash, and has achieved 5 months of strong cash flow, since commencing production in 2008.
Scorpio is estimating 2009 production at 1.2 million ounces of silver, and will remain profitable as long as the price of silver stays above $9/oz (USD).
Scorpio Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral resource properties in Canada and Mexico, but is focusing primarily on the development of the Nuestra Senora project in Mexico.
Share outstanding: 112.4 M
Shares Diluted 138.2 M
Scorpio Mining Presentation:
http://www.scorpiomining.com/index.php?rub=presentation
Scorpio Mining News Release:
http://www.scorpiomining.com/index.php?rub=news_article&ID=196
http://www.scorpiomining.com/index.php?rub=news_article&ID=194
http://www.scorpiomining.com/index.php?rub=news_article&ID=193
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