Post by
Retiredgeo on Apr 24, 2024 8:25am
Press release
MAG reported net income of $0.15/share in Q4. Metal prices were much higher in the latter month of Q1. I shall not be surprised if Q1 earnings are $0.18/share. Q2 earnings should be in the 20s.
MAG is one of my biggest investments and I am delighted that it is finally being recognized for the outstanding, multigeneration investment that it is.
Comment by
Jetboy1 on Apr 24, 2024 11:58am
I 100 % agree we are in the infant stages of Milling it's only going to get better from here on in.Its also one of my biggest if not the biggest holdings I have and i continue to add ,been here for over 20 plus years. JB
Comment by
Retiredgeo on Apr 24, 2024 12:05pm
WOW. You beat me by a mile. I started buying in during the silver rush of 2021. I have seen a high of $30 and a low of $11. Hopefully, $30 again by the end of this year.
Comment by
Jetboy1 on Apr 24, 2024 1:39pm
I missed that 30 dollar high by a hair that was crazy hope we get there again I think we will I think we will the way things are looking. Peter Maguaw told me a few years ago Mag could eventually have a $ 60 stock price. JB
Comment by
Retiredgeo on Apr 24, 2024 1:58pm
They currently have an $18/oz profit margin on their silver. If Silver goes to $50 then their profit margin goes to $40/oz and their stock should at least double. Throw in the speculative bubble and I can see $60 CAD/share ($60 USD/share would be even better!). A wild card is dividends by the end of this year. That will bring in a whole new group of investors.