TICKER: MAG:TSX; MVG:NYSE
MAG Silver Corp. is focused on district-scale projects located within the Mexican Silver Belt. Its mission is to become one of the premier companies in the silver mining industry. MAG is conducting ongoing exploration of its portfolio of 100%-owned properties in Mexico including a silver, lead and zinc discovery and a moly-gold discovery at its 100%-owned Cinco de Mayo property in Chihuahua. MAG and Fresnillo Plc are jointly developing the Valdecañas deposit on the Juanicipio project in Zacatecas.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Gold Report Interview with Ivan Lo
"My favorite undeveloped project in the silver space is MAG Silver Corp.'s Juanicipio project. It has 146 Moz)with an average grade of about 728 g/t silver and 1.9 g/t gold and an Inferred resource of 85 Moz silver with an average grade of 373 g/t silver and 1.6 g/t gold. That's high grade. And it just drilled more holes at Juanicipio. It hasn't announced it, but it has an agreement with its partner, Fresnillo Plc, to do that. MAG Silver owns 100% of Cinco de Mayo, which is a monster of a discovery. It's going through some property issues in Mexico right now, but I believe those will be resolved because Juanicipio went through the same thing. Then it will be off to the races. . .even without Cinco de Mayo, I think Juanicipio is undervalued right now. People are penalizing the company because it has to wait for Fresnillo to get this thing going. I believe it's going to break ground very soon, maybe even in the next month or two."
The Gold Report Interview with Maria Smirnova
"Earlier this year, Eric Sprott made MAG Silver Corp. his top pick in the silver developer space and Sprott Asset Management took a position worth more than $26M. MAG Silver has a world-class deposit, the world's highest-grade silver development asset right now. MAG Silver owns 44% of the Juanicipio deposit in Mexico. The grade is between 500–700 g/t, which is very high. The deposit has good thickness, so the economics have the potential for a very profitable mine. It is all about how economic the deposit is. Fresnillo Plc is MAG Silver's joint venture partner. Fresnillo operates Juanicipio and is pushing the project forward. Fresnillo should do a good job putting this into production and MAG Silver will benefit. MAG Silver is trading at about a 20% discount to net asset value, so this is not a bad time to buy."
The Metals Report Interview with Brent Cook
"MAG Silver Corp.'s Juanicipio deposit in Mexico is mostly a silver deposit, averaging 600 g/t silver. It also contains economically important levels of lead, zinc and gold that will factor heavily into the ultimate economics of the mine. Its Cinco de Mayo deposit is a true polymetallic deposit. . .the Juanicipio property hosts one of the best silver discoveries over the past 10–20 years. Its joint venture partner, Fresnillo Plc, is in charge of bringing this on-line. Fresnillo is operator; it is putting in a tunnel and conducting a lot of geotechnical studies. It is exploring and going through the permitting process. Things are happening."
The Gold Report Interview with Michael Gray
"In our coverage list, we have published our views on MAG Silver Corp. as a prime example for potential of consolidation of the 44% joint venture interest it has with Fresnillo Plc in the world-class Fresnillo Silver Trend. It is a high-grade, high-margin asset that we think Fresnillo would like to control. It would also help meet Fresnillo's goal for production of at least 65 Moz by 2018. . .Fresnillo owns a 17% interest in MAG Silver. Given the fairly significant discovery MAG Silver has made on an asset called Cinco de Mayo, we would expect that Fresnillo would want that as well. . .the company will break ground in the next month or two for the decline at Juanicipio. But the real sizzle for MAG Silver is getting back to exploration drilling at Cinco de Mayo, probably in H2/13.
"Cinco de Mayo is a huge carbonate replacement deposit (CRD), a silver-zinc-lead deposit with an early resource estimate just over 50 Moz silver. It has a large footprint and an outstanding intersection at depth outside of the resource of 61.6 meters at 89 g/t silver, 7.4% zinc and 2.1% lead and 0.78 g/t gold. This is one of the best discoveries in Mexico in the cycle. Although early stage and the exploration to depth needs a lot of infill drilling, the anatomy of the system discovered so far suggests it could be very large. . .[MAG's] team performs its discovery role exceptionally well. To make two major discoveries over the past decade is impressive in itself, but it is also very disciplined. It maintained a very efficient capital structure, with fewer than 60M shares issued and outstanding. It has discovered best-of-breed assets with what we would consider best-of-breed talent."
GuruFundPicks, Seeking Alpha
"We believe that the Market Vectors Gold Miners ETF index is primed for a cyclical and secular rebound in the short to intermediate term, and when that happens, MAG Silver Corp. shares are likely to rebound at a faster pace than many of its peers."
MAG Silver Corp. Content
for MAG's Latest Fact Sheet
a BullMarketThinking.com interview with Tekoa Da Silva and MAG Director Dr. Peter Megaw
MAG's Precious Metal Summit Presentation (9/7/12)
to Listen to MAG's Conference Call (6/8/12)
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