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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 AlfTanneron Jun 17, 2018 7:23pm
99 Views
Post# 28183788

RE:RE:RE:RE:The risk I see in this stock

RE:RE:RE:RE:The risk I see in this stock
gan, your point about valuation is a good one.  In fact, I have been selling down my holding of CMCL.  I still think it is a great stock and a must own; however, the price increase left me holding too much of it, and as you point out, is not the extreme value it was when it was trading at $5.
 
I still like USAS, and I have been patiently waiting for an entry point.  Even though the company does not actually mine much silver, I still think the stock has value and a pretty good story.  Maybe Q2 will blow everyone away, and I will miss my opportunity.  However, I think sub $3 is very likely with a possible panic spike down to $2.75.  I plan to reevaluate about a month after Q2 earnings are released.  By that time, I think reality will have set in, and expectations will be more realistic.
 
As for the drill results, maybe they will eventually translate into earnings, but it is going to take a long time.  My guess is the earliest would be Q4, which will not come out until around March 2019.  
 
When I talk about cheerleading, I am not talking about you at all.  I am referring to some of the vacuous posts I have seen.  I am a numbers guy.  If someone is going to talk about how great a stock is, they better have the numbers to back it up.
 

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