ABRA silver 140 mil ounces of silver = 200 million$ M. C. So another one of AAG's peers ( Abra silver) just came out with a new resource estimate .. They have about 140 million ounces of silver in ARGENTINA which is less than AAG's silver resource + very low grade gold (.13 g/t) to give Abra about 258 million Silver Equivalent ounces.. The market cap of Abra is about 200 million $ canadian but the market cap of AAG is presently only 52 million $ canadian...
Just to get AAG priced fairly next to many of it's peers , it needs to go up 4X just to catch up to ABRA, it needs to go up 7X just for it to be priced the same as VZLA ( VZLA has about 220 million ounces of silver), AAG would have to go up almost 5X just to be close to DV's market cap. DV has only 1/3 of AAG silver and it is valued 5 times higher than AAG...
If you , like me, believe that AAG is unfairly undervalued, then you want to be invested in a stock like AAG which is excessively cheap ... If silver takes off soon, then AAG will moon for 2 reasons : 1) Because it's too undervalued and needs to catch up to it's peers 2) A raging silver bull run is going to raise all silver boats by many multiples...
This stock has the potential to go 10x from here in a very short time span...