First Asset Morningstar Emerging Markets Composite T.EXM.A

EXM: on the MAI trajectory?

[gabrielgray]

Recent price action in EXM is less than thrilling, but I'm not going to get discouraged about it. In fact, I picked up a couple thousand shares on Monday. I think things are going to look much different in a few months. I went back and re-read this story on EXM and MAI: https://gold.seekingalpha.com/article/27435 Exmin is in some ways comparable to MAI, but a little behind it in development. Minera Andes has a mine that will soon be operating in Argentina, and other assets still being defined. But EXM's holdings in Mexico are larger and have the potential to be every bit as valuable, possibly more so. MAI was trading under 50 cents a year ago, and today broke out to a new closing high of $2.50. It's market cap is now about 10 times that of EXM. I think in time we can expect something similar in EXM, based on the size and quality of their JV projects. I've been down in the Urique river canyon, and it's not the most convenient situation to operate a mine from, but MAI's operation in the Argentine Andes is no cakewalk, either. Both Argentina and Mexico are mining-friendly and mineral-rich, and (for now at least) have relatively stable governments. The best thing to do with Exmin, in my opinion, is to be patient and add a few shares while this news vacuum lasts. Silver is still very undervalued; in terms of total demand vs. total supply, it may be the scarcest and most undervalued of the whole metals complex, and EMX's silver hits look very promising. World currencies are still being debased, global demand for commodities is still increasing, and China is still growing at about 10% annually. The fundamentals are strong. While I wouldn't bet the farm on a speculative mining stock, I expect EXM to show us some very positive action this year. I only wish I'd heard of it a year ago. Good luck to all of you.

[daytrader3]

Gabriel,the old saying pal better late than never.IMO it's a great time to back up the truck & load up.Believe me Karl has all his ducks in order.How are things going Oilsandsam,you haven't posted for awhile yet.Kind of lookng foreward to your post & coaches.

[dorinho]

Hola Gabriel y compadres! It was a pleasure reading the posts this AM, led by yours Gabriel! So often it seems the SH boards get inundated by very forgettable posts that merely waste time. Your review of the salient characteristics with EXM is dead-on Gabriel. Sam it IS good to see you post ... I trust things are well 'up there'!?! REV ... always read your stuff and I am

[COJones]

Yes..... great posts! Thank you bryan!