A Timely Discussion With Keith Neumeyer, CEO of First Majestic Silver

94

Late Thursday, I had an opportunity to visit again with Keith Neumeyer, CEO of First Majestic Silver. And what timing! In this 20-minute call, not only will you hear Keith discuss the prospects for First Majestic and First Mining Finance, you'll also get his first takes on the major news regarding DeutscheBank and their admitted rigging of the London silver fix.

This is one podcast that you definitely want to hear and it is well worth your time. Among the topics Keith addresses:

  • The Deutschebank settlement news and the global manipulation of silver prices
  • The condition of First Majestic Silver (symbol: AG) and how a $1 move in the price of silver flows through to their bottom-line earnings
  • The exciting prospects for First Mining Finance (symbol: FFMGF) as evidenced by the over 50% move in the shares in just the past week

And much, much more. Again, this is audio you simply must take the time to hear. Dig in.

TF

  94 Comments

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twippers
Apr 18, 2016 - 7:23am

Neumeyer on IKN

Interesting little tidbit on FF and Future Money Trends on the IKN blogsite.

https://incakolanews.blogspot.ca/2016/04/first-mining-finance-ffv-and-da...

FandangoJ Siefert
Apr 18, 2016 - 6:40am

J Siefer

Granted, currently fiat money is the means of transaction we all use. The primary reason being, populations will accept it as currency. However, I think we are talking semantics.

If in the future, $100 of US currency purchases 10x loaves of bread, and a 1x ounce silver dollar purchases the same 10x loaves of bread, the transaction remains the same. It matters none which subjective terminology or hierarchical measure you use, the value derived from the monetary medium is the ultimate decider of transactional value.

J Siefert
Apr 18, 2016 - 6:12am

@ Fandango

If you mean silver as monetary metal? No, it isn't a trick question!

Then, it is just my opinion partly as a response to SS121's thoughts on the subject above.

Personally, I think it is important to consider this aspect as it will most probably be important in the near future. Stand on the wrong side and one might well be royally F'ed.

PS Another point that comes to mind: In the past the Chinese traditionally used silver as a monetary metal. Nowadays they have given up on that idea and today only see gold as a monetary metal.

hindsight101johnrhcfl
Apr 18, 2016 - 6:05am

AG numbers the way I see them

Extra dollar in silver price = 18 million in revenue, assuming they haven't been high grading and revert down.

150 million shares outstanding - see Yahoo finance... Additional revenue divided by share count times a 14 multiple equals about $1.68 per share...for every dollar increase in the price of silver that is SUSTAINED for a year.....

What NO TAXES - the Mexican not too long ago hiked their taxes on miners....Ask about that next time Turd....No other taxes??? No commissions on the increased revenue?

Think more about $1 per share price increase per dollar rise in the price of silver.

Lets see, price of silver has come from under $14, about AG's break even, to just over $16 - that's $2

Share price has come from $2.5 at the low to $8 - that's $5.50

I'd say that AG's current price pretty well reflects the advance that has been seen from break even....Hike the multiple 50% to 21 times earnings .... and you're still not there.

Not that very much of this matters - its all about momentum, speculators chasing the stocks and rational people being left out because they don't pay up in belief of the irrational.

At $25 silver times 20 million ozs. we have revenue of 500 million, net profit after taxes of maybe $250 million (about AG's best all time margin).....about $1.66 per share....times 15 multiple equals $25 or a 200% increase from here, BUT that $25 silver price has to be sustained.

Curious how that works out to about a dollar increase in the share prices per dollar increase in the price of silver....(go back to top.)

By the way, Turd, congratulations on your mid two dollar purchase...I am long too from higher prices and will say that thinking blue sky about how much money AG will make and how high the share prices will ultimately be has never made me a dime. Things to consider are rising Mexican taxes, and increasing operating costs, dilution as they buy other not yet producing assets, plow in capital, incur start up cost and depreciation. Mines are for the most part depreciating assets.

Admittedly so far so good. I'd buy a 10-15% break in price for the potential of a 200% increase in share price in a couple of years.

FandangoJ Siefert
Apr 18, 2016 - 5:30am

J Siefert

Is that a trick question?

Rakka
Apr 18, 2016 - 5:12am

J Sifert EQuakes in the past 6 days

I initially thought op vs John Kerry and weak sister leaders who were in Hiroshima for photo ops

but this is wierdest swarm I have ever seen, I love Dutchsinse channel & videos

J Siefert
Apr 18, 2016 - 5:06am

Re. return of Silver to a monetary role

IMO there is no chance of silver attaining monetary metal status in the foreseeable future.

Why? Some reasons are these...

  • No central banks hold silver as reserves. (whereas gold is seen as a monetary metal by CBs and governments)
  • The are no significant above-ground reserves/hoards of silver (compare to gold's 160,000 odd tons).
  • The GSR shows that the world's population no longer values silver as they once did. (In the distant past silver was seen to be - in proportion to its prevalence in the ground - as valuable as gold, ie. in the ratio 15:1 but not today).
  • Because silver is so cheap it is usually thrown away after use. If it was much more expensive industry would use it much much less.

Can you think of any others?

J Siefert
Apr 18, 2016 - 4:44am

Re. Earthquakes In Last 6 Days..

Since there are no earthquakes in the US and Europe this sounds like a CIA/EU plot against the rest of the world.

Safety Dan
Apr 18, 2016 - 4:26am
SS121
Apr 18, 2016 - 1:56am

MONETARY - China Scenario.3

It's April 2016 and the entire planet is about to experience the inevitable return of Silver and Gold to their monetary role.

The monetary imposter that will be dying the death of all Silver and Gold substitutes before it= the Global Fiat Monetary System.

As monetary substitutes go, the system is unmatched in scope, scale, complexity and longevity. The depth in which it has woven itself into the DNA of mankind is unmatched by any fiat currency or other basic monetary substitute in history. Nevertheless, when weighed in the monetary balances of the cosmos, it's just another zero. Another zero waiting to meet the fate of all former monetary zeroes. Death. And death it will be. But not before the China Scenario plays out.

You see, the fiat monetary system was built on deception. It fakes anything and everything necessary to present the people of the world with what they either naturally expect to see, or have been taught by the system that they should expect to see.

The system fakes anything and everything necessary to present the people of the world with what they either naturally expect to see, or have been taught by the system that they should expect to see.

  • The system is mortal and it's dying.
  • It's been presenting it's 1,000 points-of-light doomsday scenarios to the people for nearly 3 years now.
  • It knows people turned to Silver and Gold during fiat currency failures past.
  • It has told stories of Gold going east
  • ...great resets,
  • ...all those USD coffin nail stories.

Now we've got chaos and calamity on all sides and China locked and loaded to do something really really big. Can you guess what the fiat monetary system is about to fake?

The system fakes anything and everything necessary to present the people of the world with what they either naturally expect to see, or have been taught (media) that they should expect to see.

The system is preparing to fake it's own death. Fake it's own death and then emerge from the chaos as "silver" and "gold". The system's attempt at immortality. This is the China Scenario.

China will be playing the role of the system killer. And then China (dragon) will exalt itself above all that is valued relative it's gold (and silver) as this entire scenario plays out on the system's charts and in the system's media. All fakery. All a spectacular last gasp fiat System attempt, via China, to somehow sorta kinda become Silver and Gold. And thus, immortal.

to be continued . . .

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