Silver X Mining Corp V.AGX

Alternate Symbol(s): AGXPF

Metals & Mining Industrial Metals & Minerals

Silver X Mining Corp. is a Canada-based silver developer and producer. The Company owns the 20,000-hectare Nueva Recuperada Silver District in Central Peru and produces silver, gold, lead and zinc from its Tangana Project. The project includes the Tangana mining unit (Tangana), a precious- and base-metal operation that is in the northern portion of the project comprised of 100-plus veins spanning an area of more than 6,500 hectares, and the Plata (formerly referred to as Esperanza) advanced Project, a grouping of historic silver-polymetallic veins, with significant exploration upside in the southern portion of the project comprised of 200-plus veins often with intense anatomizing, spanning an area of more than 7,000 hectares. The Company holds interest in a 1400-hectare concession known as the Las Antas Property, which is located within the Oligocene-Pliocene gold-silver Belt of Southern Peru. The Company also has an option agreement to acquire the Lily 19 claims in Peru.

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Silver X Mining Corp

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Post by Swedeprofon Jul 29, 2021 11:49am

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Post# 33623393

Excellent Interview from Crux Investor with Luis Zapata

If you follow Matt Gordon or Crux Investor on twitter, YouTube, etc you will know that Matt asks the tough questions and doesn’t let companies off the hook with easy, flakey answers. Luis did a fantastic job explaining the story of Silver X.

My Summary:

- $14M just raised in the spring.

- They are in pre-mine development and just sold $6.5M YTD in concentrate sales. Impressive for preproduction.

- Current price is a great opportunity as they just had 4.3M $0.30 warrants exercised which has caused the share price to be driven lower.

- Production will start at their 600tpd processing facility which will be upgraded to 1200 next year. Positive Cash Flow is expected in 12 months

- 25,000m of drill has just started. Targeting high grade veins… to increase the resource. And they have high grade resource; Maria Luz zone has an inferred resource of 496.1g/tAg with other credits! That’s not a cherry picked sample, that’s the average grade on the resource

Basically AGX will be focused on 2 things with the funds they have

1. Increase production

2. Increase resource

I continue to buy shares in the high 30s!