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This is Keith Neumeyer of First Majestic at Global Metals and Mining Conference. He has a short term target of $30 silver and long term triple digit view. Getting over $30 in 2022 would most likely get USAS over $2.
https://www.kitco.com/news/2022-03-02/Big-tech-companies-may-buy-silver-miners-soon-says-Keith-Neumeyer.html
Keith Neumeyer at Global Metals and Mining conference - let’s hope his $30 silver prediction for 2022 comes our way
https://www.kitco.com/news/2022-03-02/Big-tech-companies-may-buy-silver-miners-soon-says-Keith-Neumeyer.html
Keith st Global Metals and Mining Conference
https://www.kitco.com/news/2022-03-02/Big-tech-companies-may-buy-silver-miners-soon-says-Keith-Neumeyer.html
Keith at Global Metals and Mining conference
https://www.kitco.com/news/2022-03-02/Big-tech-companies-may-buy-silver-miners-soon-says-Keith-Neumeyer.html
Just reached in and added to my position yesterday and this morning. First FMG purchase I have made in over a year. Took positions in Treasury Metals and Auteco in 2021. As many of you, I have been very patient and sometimes discouraged with this one - with a market cap of only $160 million and gold rallying felt that a stock price of $.225 is absurd. Hope that this one is leaving the station but will hang in there until permit is in hand if necessary.
Just reached in and added to my position yesterday and this morning. First FMG purchase I have made in over a year. Took positions in Treasury Metals and Auteco in 2021. As many of you, I have been very patient and sometimes discouraged with this one - with a market cap of only $160 million and gold rallying felt that a stock price of $.225 is absurd. Hope that this one is leaving the station but will hang in there until permit is in hand if necessary.
Hey Pro-Life - $600 an ounce sounds great - I’ll be elated to see $60. That should be enough to spike USAS past their old highs. The stage is set - curious to watch it all play out - ENJOY!
Great videos SeaBlue. Jeremy’s explanation of Resource vs. Mining plan was helpful to me. I heard Dan use the 2.3 million ounce number in his presentation last week when speaking about Treasury. In the past I have heard Jeremy refer to a 1.2 million ounce figure (mine plan). Look forward to the resource number continuing to grow as drilling results come in and to the gap between resource and mine plan shrinking over time.
Also found Jeremy’s explanation of Goldlund possibly being a brownfield versus greenfield very interesting. Appears Teeasury may be the first entity in the FMG family to production. Unless Auteco has a rabbit up their sleeve. Eagerly awaiting an announcement from them this week.
As a long time investor in Alexco, it’s great to hear that things are on track for a great 2022. Last year was brutal on the stock price. Have been buying shares on the way down from over $3. Look forward to a huge rebound this year. The market cap is reflecting a value of under $2.50 per resource ounce. Seems to me that at $1.50 this is a screaming bargain.
Just saw this on Auteco site. Wasn’t able to jump on webinar yesterday - curious if this was mentioned.
https://wcsecure.weblink.com.au/pdf/AUT/02487878.pdf
Implanting - would be great to see Auteco find 4 million+ ounces. I noticed that the shares haven’t traded in a couple days and saw this on the web.
https://www.afr.com/street-talk/canadian-gold-play-auteco-minerals-in-24m-raising-20220217-p59x8h
Agree, they appear to be on track for over 3 million ounces. Similar to Treasury Metals, I assume they will have to raise additional money this year to get PC to a production decision. I assume them writing a check for $3 million to get the additional 10% will be a no brainer once they meet requirements for the first 70%.
Glad they got the money to keep the project moving along to a production decision. Minus a major discovery, gold at $2,500 or a buyout - getting the permit in hand is probably our next best shot at seeing a higher share price.
Hoping Jeremy negotiated the best deal possible for what he gave up for the $20 million.
I believe Treasury is slated for a resource update this quarter (as is Auteco). Hope to see 2 great ones.
You’re probably right Implanting. Sabina is farther down the road than FMG. Probably makes sense to see how things develop for FM before selling out some future revenue for upfront cash. I assumed that an announcement like this would have moved the Sabina stock. The volume is up 5 fold but stock price did nothing today (or for last few weeks.
Just saw this announcement. Saw it based on owning some shares in Wheaton. Will research more this week but I would think Sabrina should pick should have gotten a bit pop from this announcement but doesn’t look that way so far. Curious of everyone’s thought on the deal based on how a deal like this might play out for FMG.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1075-tsx/sbb/115415-sabina-gold-silver-announces-comprehensive-us-520-million-financing-package-for-goose-mine-at-back-river.html?utm_source=newsletter_1296&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y
SeaBlue - thanks for the video - Keith never fails to impress - he is so knowledgeable on so many fronts. Found the segment on buying his own mint very interesting.
First Majestic is clicking on all cylinders - grew from 20 to just under 27 million silver equivalent ounces in 2021. Guidance should be out in next few weeks but looks like 33 million ounces in 2022 and over 40 million in 2023. Keith is a rock star!
We have to assume he knew exactly what he was doing when he bought out 8 companies to form First Mining. Good times ahead for the stock price.
Implanting - appears prof. hanke is projecting that 6+ % inflation is already baked into 2022 and 2023 - bodes well for our gold play!
SeaBlue - great video. This video was underneath the one you posted. A more global view but equally as interesting. He echos many of the views shared on this message board. Happy New Year to all.
Yes - I think First Majestic should make an offer
Great to see PSLV make a 10% move up the last few weeks. Hope to see another 10% move the next few weeks - gotta keep some pressure on those shorts.
Slim, I do not know Keith personally and I have never contacted First Majestic IR directly. I began to follow Keith years ago (2015) when he started First Mining Finance Corp. (now First Mining Gold Corp). I owned shares in a company First Mining acquired and I ended up with their shares. Researching First Mining led me to learn about Keith.
I respect his CEO and mining expertise. First Majestic and First Mining are core holdings in my portfolio. In the last 6 months I took positions in 4 companies that Keith said he invested in. I am down a few percent on those four but have learned that you need to be prudent but also patient in this space.
Enjoy the weekend - let’s see what Monday and the week brings.
Thanks Stockcall - agree with Implanting that a second listen provides an opportunity to get a broader perspective. Great webinar - definitely served to build more confidence as a shareholder that the proper team is in place to drive the Springpole permitting process over the finish line.
You’re right Ironyman on both points. The mine is in a remote area so Covid has definitely made it much more difficult to ramp up. Unfortunately I think many on Wall Street ignore that fact and focus on the actual production and cash flow. Fortunately the run up in silver is pulling Alexco up with it. I think a couple solid quarters and this is a definite double from here.
SeaBlue - haven’t given much thought to that - who are you thinking will be in this war?
Inflation, supply chain disruptions, massive government debt, unsustainable deficits - just a matter of time before it all hits the fan. Agree with you SeaBlue, hope it isn’t so bad that it takes everything else down with it.
They have been missing production targets all year. Their plan was to ramp up to a million ounces a quarter. Third quarter was under 200,000, which was less than second quarter. They were to be cash flow positive by now. Still have faith in management but you can’t miss production quarter after quarter and expect Wall Street to reward you. Good thing silver is on the move.
Nice run up on some big volume - drill baby drill!
Good timing Slim - let’s see some shorts toast out today!
Caught part of the webinar today - was at work so I wasn’t able to catch it all. Look forward to the archive so I can digest the entire presentation. The little I heard sounded good - left me with the feeling that things are on track and one day Springpole will be permitted and put into production. Good job beating the drum for this update.
Thanks again Slim - a few more days like today and the shorts will be running for the hills!
Keith is running a great mining company. I’m happy to see him come off the one country one metal approach. I think the diversification will suit them well in the long term. I own a bunch of shares in the Junior gold company (First Mining Gold) that Keith founded in 2015. Would love to see First Majestic put a few of their projects into production in the future.
Thanks Slim - I don’t think my account is setup for puts but will check into it - may try a few. Agree that AG should be $20
Be great to see AXU over $2 again - miss the days when it was over $3.
SeaBlue - if Springpole is a home run in its current state, an additional 2 million ounces would make it a grand slam for sure. Drill baby drill!
Slim - you, Keith and I are in sync on where we think the price of silver is heading. I have been more traditional in my investment strategy. I own shares In several silver companies and the PSLV. One day you’ll have to explain to me in more detail your put strategy.
Pierre continues to make the case for gold//silver. Makes me feel more confident that the wind is at our backs and not in our faces.
I assume Treasury and Auteco will continue to raise money for drilling up to the point they get their resources between 2.5 to 3 million ounces. Not sure about Big Ridge at this point. Appears FMG is content for now with an approximately 4 million ounce project and billion dollar NPV.
In Dan’s recent interview he mentioned 21 royalty deals. I’m aware of the 3 we regularly discuss and I believe there are a few silver properties that ended up with Silver One. Beyond those not sure if the others were inherited from prior purchases or negotiated in the last few years.
If FMG isn’t going to drill to find new gold, I guess I can live vicariously through Treasury Metals
https://www.treasurymetals.com/news/treasury-metals-announces-6-million-flow-through-122743/
Happy to see PSLV firmly over $8 again. Burn out those shorts!
Thanks Implanting - all great information. Look forward to seeing how it all plays out. Happy to see gold/silver rallying a little.