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MAG Silver is perhaps the highest-profile silver development story on the market today. Rightly so, given the huge size and very high grades of the Juanicipio mine, being built by MAG (44%) and JV partner Fresnillo PLC (56%). But the stock ain’t cheap, and it’s a long way to first pour, still, so of course I asked CEO George Paspalas why folks should buy the stock now. But I also asked him about the red flag that has always held me back from this play: there’s no bankable feasibility study on Juanicipio. Judge for yourself whether his answer to this concern is satisfactory.
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