Post by
phoenix_trader on Jul 15, 2021 4:44pm
Interesting silver facts from First Majestic
• Annual silver consumption is ~1.0B ounces • 80% sourced from mining, 20% sourced from recycling
•Over past 10 years, the silver industry has been in a 500M ounce physical deficit
•Silver is one of the world’s most reflective and best conductors of electricity
• 57% of silver consumption is from industrial applications – electronics, medicine, solar, water purification, window manufacturing, etc.
• Demand by sector: 57% industrial fabrication, 22% coins & bars, 17% jewelry, 4% silverware
• Scrap recycling is near historic lows!
• Current silver to gold mine supply ratio: 7:1
Also note FR's market cap is $4.4 bill Cdn.
FR's largest mine (San Dimas) has the same processing capability as ASM's Avino and the San Dimas' Ag grade is similar to the grades reported by ASM today.
Even a $1 bill market cap for ASM would be nice.
Production guidance is what is needed for renewed analyst coverage.