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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 Jan 09, 2014 3:09pm
304 Views
Post# 22075191

RE:Plan of Action

RE:Plan of ActionNo amazement here Crid. Im glad we dont compare well with your peers. We have the high grade, the resource, now we just need the price. I'll keep grabbing USA at this level all day. Value always radically, dramatically, eventually asserts itself.

I had First Majestic in fall, 2010, (actually the warrant-kaching) and it was pretty much the exact same situation here as we waited for dsilvers price. FR had just done a dilutive financing, price was $3.50, and managment was roundly mocked by similar online experts for their stupdity, ect, ect. ect. When silver did go, First Majestic was so leveraged to the rising price -just like USA- that we all got to watch our share price go from $3.50 to over $18.00 (more for the warrants, kaching). 

This will probably hurt the ears of purists like JB, but I dont g.a.s. about the Drum acquistion either. The Drum merger put control of the company into strong hands to forgo another attempted takeover. Im not interested in seeing USA's potential become part of a bigger pie. The bigger gains come from the smaller company. I had La Guitarra in its Silvermex and earlier manifestations and cursed when it got taken over by First Majestic. Yes First Majestic is a great company, but now you miss those big gains when you go it alone. Again, the fact is, we are great value here. Again I recommend Dennis Boyko's excellent site. https://www.goldminerpulse.com/silver-mining-valuations.php

You will hear Crid say Drum and USA are environmental basket cases, which is surprizing coming from someone who promotes Hecla. Google Hecla and EPA. Never hear a peep from Crid on that. This despite the fact that Crid blatantly lied to this board saying the HL takeover had been successful. Like I said Cridwell, in some parts of the world, a mans word means something.
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