The almost identical output by both EXK and AG in the 3rd quarter? EXK produced 3.23 Mil Eq oz of silver while AG produced 3.37 mil eq oz of silver. Seems like on a production basis these equities are mispriced. At 1.32 bil AG is valued at 3x times EXK, unreal.
Hoops- Both companies are an excellent investment. In fairness to AG, Mr Cooke did state that Q3 production was enhanced by the cleanout at Los Torres and that Q4 production would be lower than Q3' because of that.. Speaking of the the clean out of the Los Torres mill. While it is difficult to put a number on it, I think that Q3 earnings will be meaningfully, positively impacted by the hundreds of thousands of relatively inexpensive silver and thousands of ounces of gold that will be included in earnings. That combined with the decent ASP's that the company managed for the quarter, $1406 gold and $22.60 silver should make for decent earnings come November 5th. I originally thought we'd show a nickel profit. Since Yahoo now shows them making a profit rather than a loss, my expectation has increased to nine to ten cents based on the fact that Yahoo always gets it wrong. Should I be right, with a little help from the metals we may see a long overdue little pop in the share price.