Wow, First Majestic made a smart move snapping up Silvermex and the La Guitarra district. La Guitarra only produces 800k ozs now due to lack of development by previous owners (and only 320 tpd), but will be turned into multimillion oz producer by AG with lots of capital and expertise.
If you look at what First Majestic paid (about 10M shares that have been worth between $14-26 in the last year), then compare it to AUMN it points to extreme undervaluation for AUMN.
La Guitarra has fantastic El Quevar type grades, but a lot less tonnage than Velardena. AUMN has TWO world-class projects.
I don't second guess Keith Neumeyer's judgement one bit, he creates SH value like few others. AG got a great asset at a good price, but I think he would have done better to spend just a little more and bot AUMN instead and got a bigger mine (Velardena) and a second world class development stage silver project. Would not be surprised if AG had been in discussion with AUMN, was unable to get agreement, and pounced on second-best Silvermex instead.
Read the silverstealers to refresh your memory why SILVER IS MONEY, ALWAYS WAS AND ALWAYS WILL BE WORLDWIDE and learn about the "dark side" and their phony selling of metal they only WISH they could hold.
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