Americas Silver Corp fka USAPF

[maverick one]

Even if PPS dropped down again to the .25 level I just don't think I'd be a buyer...I just don't know the mine under the current management will ever develop it properly and I can't see the PPS ever getting back up to the $2.00 range. You need funds to explore- they don't have it. You need large crews-they don't have it. They are only staying afloat by cutting back mining staff since the silver spot has declined-and what happens if it drops down to old school levels of $5-$7.50 spot oz's?

Now HL that's a world class producer completely different corp management who has mined back in those $5.00 to $8.00 spot price oz's successfully. I should know I've been around that long...I've seen the pretenders show up in the silver valley for 35 years...seen them come and seen them go. HL they aren't going anywhere and if spot prices dip further down they are positioned to operate and still be in business. USGIF...well maybe...but my guess probably not. It's a brutal business the open global spot oz market- and owning a mine can burn you real quick- because you can't control world markets.

I want to make this clear I'm not saying USGIF isn't a good stock- it's just IMO they don't have the money backing them, resources, crews to really get after it to ramp up production and keep exploring like they could be. I've been watching and I thought I would come back in- but only if certain things occurred that made me want to say ok- and they haven't. That's what happens when spot prices rise so dramatically and crash just as fast then peter out in a range that barely keeps one afloat. IMO I think the current management blew their opportunity with Galena...and spot prices haven't helped them much at all.