EXM: on the MAI trajectory?Recent price action in EXM is less than thrilling, but I'm not going to get discouraged about it. In fact, I picked up a couple thousand shares on Monday. I think things are going to look much different in a few months.
I went back and re-read this story on EXM and MAI:
https://gold.seekingalpha.com/article/27435
Exmin is in some ways comparable to MAI, but a little behind it in development. Minera Andes has a mine that will soon be operating in Argentina, and other assets still being defined. But EXM's holdings in Mexico are larger and have the potential to be every bit as valuable, possibly more so.
MAI was trading under 50 cents a year ago, and today broke out to a new closing high of $2.50. It's market cap is now about 10 times that of EXM. I think in time we can expect something similar in EXM, based on the size and quality of their JV projects.
I've been down in the Urique river canyon, and it's not the most convenient situation to operate a mine from, but MAI's operation in the Argentine Andes is no cakewalk, either. Both Argentina and Mexico are mining-friendly and mineral-rich, and (for now at least) have relatively stable governments.
The best thing to do with Exmin, in my opinion, is to be patient and add a few shares while this news vacuum lasts.
Silver is still very undervalued; in terms of total demand vs. total supply, it may be the scarcest and most undervalued of the whole metals complex, and EMX's silver hits look very promising.
World currencies are still being debased, global demand for commodities is still increasing, and China is still growing at about 10% annually. The fundamentals are strong.
While I wouldn't bet the farm on a speculative mining stock, I expect EXM to show us some very positive action this year. I only wish I'd heard of it a year ago.
Good luck to all of you.