Yearly production of 0.12 ounce a share at zero co Silver is starting with a new run towards $50 and eventually will reach much higher in a few years. MAG Silver is the perfect stock to enjoy that ride. Once their JV project with Fresnillo is in production, MAG's share will be 6.6 million ounces a year, which equals 0.12 ounces of silver per share at NO cost thanks to the byproducts.
Say however that Silver stays at $30. We then still talk about valuations of only 4 times their cash flow, and don't include their other projects at all. Stong Buy.