Americas Silver Corp. (SPM.TO) Buy, Sell or…

Americas Silver Corp. (SPM.TO)

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COMMENT

This one has not appeared on his Stock Watch list because it has not passed the filters so he does not know the financials. Has been badly beaten down.

STRONG BUY

Still likes and is still buying. His target is about $1.75 but could be higher, depending on the additional resource statements that will come out later this month from the Platte River properties. There were some revised numbers out today that were quite pleasing and gave him confidence there would be enough ore from the Platte River deposits to ensure that the daily production in the Western Sonora would go from 1500 tons per day to 2700 fairly shortly. Looking for close to $3 within a year.

WATCH

Waiting to see 43101 resource statement coming out of the Western Sonora. This mine gave the stock problems because of the discrepancy between the consultants’ estimates of ore and what they actually found. Meanwhile have been developing adjacent properties and he fully expects reserves on these properties plus what Western Sonora can produce will lead to an expansion of the mill from 1500 tons a day to 1700 tons. This will be very bullish for the stock. Next major hurdle is the decision on the 4000 time a day mill on Platte River property. He is ready to pounce once the 43101 comes out.

COMMENT

Stock price dropped because of an estimated reserve shortfall of one of the main properties as well as a drop in the price of precious metals generate. At this point, it is a “show me” story. Expects that by the end of Q3, the revised reserves will be published. There is aggressive exploration going. $20 million in the bank and no debt.

COMMENT

This has been one of his favourite stocks for 5 years but it has been disappointing. Originally, the mill at Nuestra Senora plus mining reserves was thought to be sufficient enough to take the production rate up from 1500 tons a day to 2750. Consultants reserved report showed a shortfall so management had another company reassess the reserves. Management is still planning on the expansion at Nuestra Senora. The stock is now a “show me” stock.

WAIT

They announced earnings and there is a question about what reserves they have in their Mexican mine. Probably prudent to wait until we see what reserve the mine is before committing more capital.

BUY

Surprised to see price come off. Investors had been expecting financial statements for the year about two weeks ago and decided there must be something horrific, which there isn’t. Results will be out next week if not before. There may be some year end expenses that impact cash flow per year and a mill that was supposed to come on 4th quarter this year may be slipping to first quarter next year. He thinks as we get through the year, the stock will return to higher prices. It is attractive at this level.

BUY

Next week they will probably announce plans to complete expansion of existing mill. It will be in operation in the first quarter of next year and help cash flow in 2013. There are a lot of very interesting geological prospects on the property. They hired a geologist.

BUY

Normal daily volume is 800,000 to 1 million shares. Today it was 10 million. This was due to a US ETF adding the stock to its precious metals index. Going ahead with the expansion of the existing mill at Sonora, which will take the production rate up from 1500 tons a day to 2500-3000. Excellent exploration potential. Looking for $3.50 to $5 three years out.

BUY

Will expand one of their properties buy 50%. Study on the possibility of a 4,000 tone a day mine. You probably wont see much action until Q3 or 4 of 2013. You will see cash flow ramping up to 50 or 60 cents. 10 times cash flow would not be out of the questions. You have to hold it for 2-3 years.

BUY

2 properties in Mexico. Will move into the ranks of a top grade, intermediate producer in 2-3 years.

STRONG BUY

This will become one of the leading silver, copper, lead, zinc producer in Mexico. Great exploration potential. Expecting them to expand their mill on the Cosala property, which will significantly increase the silver production. His short-term target is $2.50 and expecting around $4 by 2013.

STRONG BUY

Been blessed with 1st class resource space and 1st class management. Focusing on aggressively increasing exploration efforts. Expected to add 1000 tons a day to the existing mill and possibly a 4000 ton addition to that mine or new facilities. $2.40-$3 in 12 months.

COMMENT

Silver is still #1 ranked on his monthly data. The chart shows a nice upward trend. There could be resistance around $1.60. You could put a stop in around $1.30-$1.35 or wait for it to break out.

BUY

Silver. Had a terrific 1st quarter, $0.07 a share of cash flow. Huge increase in exploration activity. New CEO is doing a great job. Expects they will go ahead with a mill expansion or new mill. Looking for $2-$2.50.

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Americas Silver Corp. (SPM.TO)