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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 DrBill1on Apr 12, 2012 11:50pm
324 Views
Post# 19789311

RE: RE: conspiracy theories

RE: RE: conspiracy theories

Firecracker, isn't the concern that a "small profit" per quarter x 4 equals a small profit for the year.  Then all of a sudden the P/E is not 7 but a much larger multiple of that.  If production costs remain high and silver prices remain in a $25 to $35/oz. range & with limited growth, USSIF becomes a much less desirable investment.  Coupled with the mis-steps of management (clearly shareholder communication+++) it's easy to see why current shareholders are running up the caution flag and potential new shareholders are shying until the sun breaks through.

I've admired your work on USSIF before and find myself a bagholder somewhat in love with USSIF (I know a "no-no") but I have to say I am having doubts about the current BOD and USSIF Management Team.  They are letting the shareholders down.

Regards,

DrBill

 

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