Americas Gold and Silver Corporation T.USA

Alternate Symbol(s): USAS

Metals & Mining Industrial Metals & Minerals

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.

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Americas Gold and Silver Corporation

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Post by DrBill1on Sep 04, 2011 1:21pm

441 Views

Post# 19010883

FIRECRACKER USSIF UPDATE

and another Firecracker post

from Yahoo

10 Times as much cash 4-Sep-11 09:30 am

If silver stays around $43 for the rest of the year USSIF should end the year with $50M in cash compared to $5M at yearend 2010. This is a 1,000% increase. USSIF is currently losing $600,000 per month or $1.8M per quarter from it's silver hedge. Without that hedge USSIF would have cashflow of $4.6M per month right now instead of $4M per month. Beginning January 1 this hedge will be gone and USSIF will have a dramatic increase in cash flow. If silver is $50 on January 1 USSIF will have a cash flow of about $6M per month beginning in January. If silver is $50 next year USSIF could be looking at profits of about $17M in quarter 1. After tax profits would be about $12M or .04 per share. If silver averages $50 next year .16 per share after taxes in earnings is realistic. Earnings after the split would be .80 per share. A PE of 15 would mean a stock price of $12.00 after the split. It would be likely that USSIF would finish the year with close to $100M in cash after spending $7M to develope Couer. Once again, it all depends on silver.

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