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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 strannickon Feb 28, 2013 11:57am
256 Views
Post# 21055783

RE: Low risk, low capital, high growth.

RE: Low risk, low capital, high growth.

Zinc;

You cant compare the upside of a huge capitalization company like Pan American to USA. PAA's Mcap is 2.6 billion compared to USA's 91 million.

We buy junior producers with increasing production profiles because they have the greater potential for exponential growth. When my excellent FR ran from $3.50 to $25 in 2011, it only had around 5 million ounces at the time, though with lots of new silver coming onstream. USA's profitability is extremely leveraged to a rising price of silver, and its price will jet with rising silver, not to mention its huge reserve increases, which apparently according to the presentation will be revealed next month. This is easily  the most undervalued silver play there is, period, nevermind that silver is a potboiler itself.

 

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