RE:web castI took many positives away from the webcast at the Denver Gold Forum/Precious Metals Summit.
Summary of Positive Statements
1) Darrin expressed that these are exciting times for the company and their story is just starting to unfold. He and his team are extremely excited about what is taking place with the company presently and in the future.
2) The San Rafael mine has very little risk to get the development work completed and this game changing mine will bring AISC down to around $4.00 an ounce and potentially lower.
3). As the company is bringing costs down substantially to the point that they will be one of the lowest cost producers of any existing silver company non dependent of their market cap they are ramping up silver production without changing AISC. It was very clear in the presentation that this was a recurring theme . ie: El Cajon, Coeur, Caladay .... Etc. Increasing shareholder value is just starting due to these factors ie: drastically lowering costs and ramping up production. At higher silver prices they have huge production expansion capabilities and at today's price they have good expansion opportunities.
4) Risk is dropping all the time as the company expands the number of operationally efficient mines they bring into production or fix through a very competent management group. We are no longer a one trick pony or a high cost producer. That label will be a thing of the past after the company starts reporting increasing cash flow quarter over quarter starting in Q3.
5) Darrin believes that they can bring down the estimated costs indicated in the Prefeasibilty Study for building out the San Raphael mine. Definitely a nice bonus!
6). Galena mine costs have been brought down currently to about $12.75-$13.00/ounce range.
7). Vast opportunities to expand all of their mines lives through resource exploration. They have one of the largest current resource estimates relative to their peer group and should easily expand the current number.
8). All of these factors add up to a significant re-rating of Americas Silver Corporation among its peer group as it starts to supersuede the group on costs, production, resources ..... Etc.
9). Future Investors will also see the value to our management and technical team based on what they have done and also what they will do in the future!!
Sincerely,
PikKid