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9/9/15

MAG Silver (MAG.to) (MVG)

I really don't understand why MAG Silver has held so well compared to other silver plays:


Just about the only silver junior that's not lost ground compared to its underlying metal. I mean yeah I know the project is good, and Fresnillo, and thick wide veins and la la lah....but no way is it worth over CAD$600m in this market and Fresnillo isn't going to make an offer for anywhere near this ticket price. Obvious short.