Very Undervalued Mining Company in Production Just read this article posted a couple of days ago on $AGX (or Silver X). It goes over a lot of the critical highlights of the company.
- Near-term production in the Nueva Recuperada district. (3 projects in the district: Tangana, Esperanza, and Maria Luz)
- If I’m not mistaken $AGX recently sent out a news release in July showing off their $6.5M in YTD sales from the Tangana Mine, which is already in production (and will be increasing the capacity over the year)
- Aims on 1,200 tpd by 2022 (equal to around 2.3m oz of silver) and 2,500 tpd by 2025
- Diversification with their Coriorcco gold project. They have both gold and silver-focused projects, so they’re not overexposed to just one sector of mining. Aiming to drill in 2022 with surface sampling underway
https://www.google.ca/amp/s/financialpost.com/business-trends/meet-perus-next-significant-silver-producer-silver-x-mining/wcm/30599ddb-2760-496f-a165-5dca6ca226b1/amp/
$AGX has to be one of the most undervalued mining juniors out there. Since they did $6.5M in revenue from the first half of the year, it should be safe to say they’ll hit around $13M for the whole year. Now factor in the current market cap of $39M, giving them a 3x revenue to market cap ratio. This gives them a valuation equal (if not better) than some big players like $AEM and $GOLD, who don’t have the same growth potential as $AGX (revenue allows them to find more exploration increasing their cash flow). Overall, we’re at a super undervalued level here, so I’ll definitely be keeping an eye on this one.