Jose Garcia's Interview at the Metals Investor Forum Jose Garcia (if you don't know, he's the CEO and Director of Silver X) recently did a quick interview at the 2021 September Metal Investors Forum. I’ll summarize some of the key points for y'all below.
- Nueva Recuperada: 20,000 hectares divided into 2 silver focused projects (Tangana and Esperanza)
- Both drilling and building a mine at Tangana North. For the mining operation, they‘ve reached volcanic veins that (when in full production) will let them produce at much higher grades. These veins are a bit narrower but are typically 2-4km long.
- From recent results, they can pretty much guarantee Tagnana will be a high-grade, high-margin mine.
- More than 100 veins in the district but will only focus on 5 to build a profitable mine.
Full interview here: https://youtu.be/hIUhYizLECc
The Peruvian President recently stated that they have no plans for nationalizing the mining sector. Therefore, as a Peru-based mining company, $AGX’s main worry is now gone. Grades from this month’s news releases is another reason why this is severely undervalued. Sampling results of up to 9,379 g/t and 7,232 g/t Ag prove the high-grade potential for their projects.
With increased production on the horizon, a market cap of $44M at $0.385 is the perfect price to get in. Easily worth $100M+ considering what $AGX is doing and how fast they're growing.