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Some mining company quick evaluations

Montecristo

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Silver Miner
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#2
First Majestic Silver Corp, symbol AG
Purest silver company in production in the world with 70% silver revenues.
Balance sheet strong, 130 million cash, 30 million debt. 9 properties are all in Mexico. 18
million silver equivalent production at 12-13 dollar per ounce AISC. Leverage with higher production
capacity that can be quickly brought on line at higher silver prices, 165 million shares out standing provides one of the most leveraged to the price of silver mine stocks. Another very important factor for this and all mining companies is management, and this company has great management with a proven track record.

I will be looking to get back in before year end. I think we'll see below $7.00 one more time
 
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#3
"I will be looking to get back in before year end. I think we'll see below $7.00 one more time"

Montecristo, I think we are facing one of two scenarios. One is exactly what you are saying, the other is that we take off unexpectedly not a month or two from now, but RIGHT now. If we do not get a good push this week or next, I would lean towards your expectation.
 

Montecristo

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#4
Montecristo, I think we are facing one of two scenarios. One is exactly what you are saying, the other is that we take off unexpectedly not a month or two from now, but RIGHT now. If we do not get a good push this week or next, I would lean towards your expectation.
Well, the $HUI just hit its 50DMA, it's quite possible we see a push toward the 200dma in the next month of so, but the previous 2 pushes to the 200dma have it acting as resistance. If it pushes through there, I could see another run like the one the started in feb. 2016 as a possible outcome.

I agree that we are at a bit of a turning point one way or another in the next couple months. Of course its possible we are in for a continuation of an extended sideways pattern but it feels like this will be settled up or down relatively soon ( within a few months).

Apologies for not knowing how to post a chart of the $HUI
 

solarion

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#5
Uh so, up, down, or sideways then it sounds like? Good to know...
 

Montecristo

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#6
Uh so, up, down, or sideways then it sounds like? Good to know...
Up to the 200dma then back down. I don't think this is a move of strength, just normal retracing then back down for new lows on the year.
 
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#7
Well, so far this morning, it looks like my scenario of metals taking off starting right now may be in play. I certainly prefer that one over the wait until fall/later one. Time will tell for sure, but this is why I wrote the article, that I though we might be at the very edge of a big run. I am not talking about another wash and rinse cycle either, but a new run that will take us to new highs to be clear.
 
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#8
Integra, one of the companies reviewed in my article, being taken out by EGO up 40% right now, wow!