Keith Neumeyer on with Future Money Trends

68
Sun, Sep 20, 2015 - 2:00pm

As you know, my friend Dan at Future Money Trends occasionally sends over videos for TFMR readers to review. This latest interview with Keith Neumeyer, the CEO of First Majestic Silver, is certainly a must listen.

The original link to this video can be found at the Future Money Trends site: https://www.futuremoneytrends.com/trend-videos/interviews/bear-market-sh...

Dan describes the video here:

Keith Neumeyer, founder of First Quantum Minerals and First Majestic Silver, two companies that achieved the billion-dollar market cap club, recently launched a new company, First Mining Finance (TSXV: FF).
Less than 6 months old, this tiny 30-cent-a-share company has recently announced the acquisition of millions of ounces of gold, bought for between $5.79 and $8.26 per ounce of gold.
This comes off the heels of a recently closed transaction, where FF paid less than $9 an ounce when they completed a hostile takeover of Coastal Gold.
We interviewed Keith Neumeyer, a recent winner of the Entrepreneur of the Year Award for Metals and Mining, to discuss the current opportunities he is seeing right now.
Mr. Neumeyer, also the current CEO of First Majestic Silver, one of the world’s lowest-cost primary silver producers, told us that the silver market is tight, and he believes the world will soon see triple-digit silver.
When it comes to the opportunity to buy assets cheaply, he said this is a once-in-a-lifetime opportunity for investors. He used to say once-in-a-decade opportunity, but the bear market has now helped him secure deals for gold at sub-$10 an ounce, shocking a lot of seasoned investors, making this potentially one of the best times ever to invest in the resource sector.

Thanks to Dan for sending this over and I encourage everyone to give it a listen.

TF

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  68 Comments

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shrek
Sep 21, 2015 - 11:04am

@MiningJunkie

These guys have been extracting silver as a byproduct of their base metal business. I assume they dumped it on a slag heap because the concentration of silver was so low that extraction was not commercially viable at current prices.

So what's changed? Are you saying that the base metal miners are now so desperate for cash flow that they intend to tap these reserves even if it means selling at a loss?

usk
Sep 21, 2015 - 10:56am

I am so tired of this Bullard-shit

BULLAAAAAAAAAAAAAAAAAAAAAAAAARD SAYS IT'S TIME TO GET OFF EMERGENCY FED POLICY SETTINGS

YEEEEEEEEEEEEEES.

AND IN OTHER NEWS MEL GIBSON PROMISED TO STOP DRINKING.

IIIIIIIIIIIIIPSSSSSSS

Sep 21, 2015 - 10:53am

extraordinary claim

I can believe the claim that slag silver is there, but the issue of how much is problematic..

But perhaps there is exaggeration of how much is in these piles as well as overlooking the cost of getting it out. If I were a miner, I'd list it as an asset on the books, and since there is no good measure of how much is there, one could exaggerate without much accountability.

LostMind
Sep 21, 2015 - 10:50am

I think this is a good place to start looking

https://www.store.firstmajestic.com/product/list/category/11

Regardless of price, that means when the price dipped into the $14's, First Majestic never moved it purchase price on their silver ($17.50/ounce...

canary
Sep 21, 2015 - 10:46am

They all should be gone (FED)...

...and replaced with honest economists with better records.....Just me halucinating this moning.

Barfly
Sep 21, 2015 - 10:33am

@infometron - extraordinary claim

Indeed, if there is a twenty year stockpile out there that is completely unutilized, the implications are enormous. Personally, I'm skeptical that any for profit operation would "dump" such a resource, and not make it a part of the revenue stream. However, I do watch Gold Rush on Discovery and could see that Hoffman dude doing something exactly like that, so it may be possible.

Key Economic Events Week of 8/10

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benque
Sep 21, 2015 - 10:28am

Headline on the TV news says Croatia critizes Greece

for "shipping" refugees to the rest of Europe. Perhaps Greece could declare them as payments, and "ship" them to every squid and douche-bunk office in Europe. Debts paid!! No more austerity!!

After all, who started all the damn problems these poor folks are running from? Yeah, the banksters, as usual.

infometron
Sep 21, 2015 - 10:27am

@Turd

Thanks for at least considering to give it a try :^)

I think Mr. Smallwood is a pretty darn good guy, much like Mr. Neumeyer.

infometron
Sep 21, 2015 - 10:24am

Yep that's interesting info from MiningJunkie

I can always try to reach him but have my doubts as to whether I'd be successful.

Sep 21, 2015 - 10:14am

backtesting...

ratioarbitrage,

When you say "basis" do you men the FED fund's rate or something else? Your explanation is fascinating. I am not a good mathemetician, but it makes sense to me, intuitively. I'll be interested to keep watching reading about your observations.

In other news,

I am noticing a small trickle of foreclosure properties for sale in my area that the banks are offering at reduced prices relative to the market. Hmmm... I am wondering what stresses are present in the real estate markets behind the curtain.

My wife and I met our realtor at one yesterday--a perfect prepping property with two dwellings, multiple out buildings, including a green house, chicken coop and stable areas on 2 acres, with a well. All for 69K. Two families could live there. It needed too much work for us to take on right now, but the property value would be at least double to triple if those dwellings were renovated. Freddie Mac has been holding this one for several years. Why let it go to the market now? As is, when the as-is condition really was not that bad--no structural damage.

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