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MAG SILVER CORP. T.MAG

Alternate Symbol(s):  MAG

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp.


TSX:MAG - Post by User

Bullboard Posts
Comment by silver300on Jan 31, 2020 10:30am
112 Views
Post# 30625303

RE:RE:RE:Price is too low.

RE:RE:RE:Price is too low.

oilsyd, this might be where I calculated MAG has enough money (or very close to it) to fund their portion of construction/development. From the website: "Estimated pre-operative initial capital is $395,000,000 (100% basis) as of January 1, 2018, less development expenditures incurred since then to September 30, 2019 of approximately $107,600,000 (Company therefore estimates approximately $287,400,000 of remaining initial capital on a 100% basis as at September 30, 2019)." And "MAG is well funded with cash and cash equivalents as at September 30, 2019 of $94,599,000 while Minera Juanicipio had working capital on a 100% basis of $24,486,000 as at September 30, 2019." So $94mill cash at MAG plus $24mill cash at subsidiary company equals $118mill. Almost enough to cover the $287mill * 44% =$126mill construction/development. A small line of credit can cover the shortfall plus admin exp.

Bullboard Posts