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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, and is re-evaluating the Relief Canyon mine in Nevada, United States. 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 about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Comment by bigguy6on Sep 23, 2010 12:40pm
761 Views
Post# 17484219

RE: What A Crock

RE: What A CrockDude ...just for the record ...i know our man Brieger mumbles a bit...but he predicited $2.50-$3.50 w/in next year or two on SPM.

His calculations were based low metal price forecasts...which is obviously not now the case.  He see's SPM earning 25cents per share cash flow this year....increasing to 35cents the following year...and based on a 10X projected multiple...which would seem reasonable...he gets $2.50-$3.50 1 to 2 years out.  

Still with me?...good.  Yes ...silver is "hotter than a 3 peckered toad" and has in fact recently significantly outperformed gold...but...as SPM has only recently transitioned from an exploration company into a 1st stage silver producer....don't you think it's reasonable we give them at least a quarter or 3 to continue to ramp up production and realize the windfall from recent skyrocketing silver prices??...or am i just being unreasonable here???   

And finally... you have to admit our SPM has had a pretty good run in last sev wks from the mid 60's to low 90's... and she ceratinly looks as if she's just a hair away from testing the April highs ....and if she does manage to blow thow them....which certainly seems doable given silver prices, production and momentum...think we could all be smilin:)   

I'm no techincal expert....but i certainly like what i see with the SPM charts....and combined her low p/e ratio and some solid fundamentals...i like this play...allot!  And if you disagaree...well...you need to sell her now and go elsewhere...or maybe short her...unless that's what you've already done...hence all the negavity and dis-information:)  

Happy capitalism...and GLTA longs!  
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