Speaking of silver in Mexico, Avino just bought La Preciosa for 20 million dollars from Coeur. Coeur paid around 275 million for it several years back. The latest resource at La Preciosa is 137 million ounces of silver equivalent. I reckon that Alacran has a resource that is a third as big, but maybe with easier metallurgy plus exploration upside. I sure hope that the asking price at Alacran is at least 10 million dollars. No need to sell it for less.
AZS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held