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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (55795)	3/4/2019 8:20:53 PM
From: Goose94	Read Replies (3) of 202373

Mag Silver (MAG-T) top pick from Jon Case on BNN.ca PDAC2019 Market Call Monday March 4th @ 1200ET MAG owns 44 per cent of the Juanicipio project (silver, zinc, lead and gold), located in the Fresnillo silver trend, one of the best silver camps in the world. MAG is partnered with an established miner in Fresnillo, which reduces development risk. The joint venture is currently developing the underground infrastructure and expects production in mid-2020. The asset is one of the largest undeveloped silver resources (180 million ounces) in the world and is very high-grade at 550 grams per tonne silver (about twice that of most silver competitors). This is expected to result in low costs of $6.25 per ounce, around 56 per cent all-in margin at current gold prices. This is an asset I have watched for 10 years, but have never been able to get at a fair price given the long time to production back then. That changed late last year when a large precious metals fund liquidated the portfolio due to a change in strategy. The share price of MAG, along with several other holdings were crushed in Q4 by this forced seller. That position was cleaned up in mid-December and we think the stock now has room to head higher.

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