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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States of America, and is re-evaluating the Relief Canyon mine in Nevada, United States of America. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosala operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosala. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility.


TSX:USA - Post by User

Comment by strannickon Jun 27, 2012 3:00pm
348 Views
Post# 20060799

RE: RE: BNN interview Blasutti

RE: RE: BNN interview Blasutti

Haha. He did say that. Our USA Pres definately wasnt worth the 400,000 he was socking away for himself. I think thats what made value guys like Sprott cringe, seeing all this great silver leverage and some CEO skimming the cream for himself. Thanks to the poster who dug out that salary info.

This new guy sounds great. Like Rick Rule he talked of how it is a vultures feeding frenzy with gold and silver so low, to grab undervalued properties.  I especially liked how he talked of using some debt from banker offered credit lines to create leverage to a rising silver price and create shareholder value. If they can get growing organically -developing Galena and Drum from USA silver cashflow- they could keep the share issuance low and we could see some stellar price gains.

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