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First Majestic Silver Corp. Message Board

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  • pm_guru_1 pm_guru_1 Feb 29, 2012 9:29 AM Flag

    Acquisition target

    AG buying EXK is silly. Their resource base doesn't stack up to AG, not for $1B+ market cap.

    AG would buy something smaller and more under the radar. Like maybe something like Cream Minerals. They have a nice find and super cheap valuation. AG could buy them and issue a negligible amount of stock. That could be a great mine. EXK tried to buy it a year ago. It has gold byproduct - don't know if that means Neumayer wouldn't like it with the 90%+ exposure to silver thing...

    Another idea is that if PAAS doesn't complete the feasibility study at La Preciosa by April 15 then it revert's back to 100% Orko interest. THAT would be a steal with Orko around $2 area. PAAS has done a lot of work and spent a lot of money there advancing the project.

    Impact could be a small bolt on. That would add 1M oz production with 2M oz potential and could be purchased entirely with cash on hand - no dilution necessary.

    The most ambitious move AG could make would be to buy Golden Minerals AUMN. That would be a coup! They could get the Velardena mine - a 8M+ oz Ag-equivalent producer in Mexico. They would also get the world-class hi-grade El Quevar discovery. They would get a crapload of exploration assets and early-stage prospects. They'd get almost 500M Ag-eq oz - predominantly silver with strong gold byproducts. The market cap is a mere $300-350M now. AUMN is a company that could be purchased for 1/4th AG market cap that would more than double resources and potentially make AG a 30M+ oz producer. Food for thought. AUMN would be a great place for hot money to come in since there is a STUPID short position there. GORO another stock for PM bulls to burn shorts to the stake. Let's make it happen.

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    • I think if they are going to buy a small company it could be great panther silver ticker GPL. Also a relatively unknown name in aurcana ticker AUNNF. Both trade for less than 3.00. Aurcana could be huge. If they hit target the CEO is pushing for 9 million ounces by 2014. Aurcana trades at 1.00 on the pinksheets now. They own la negra and are opening shafter this year in Texas. Both could do 2500 tons a day I they hit targets. I think both companies could be a huge plus for first majestic.

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