mag silver has a lot going for it. they own 44% of a property next to fresnillo, the largest primary silver mine in the world. penoles (now fresnillo group) owns the other 56%, and also owns 19.8% of mag silver. given that this property has even richer grades than the fresnillo mine, it seems like it's only a matter of time before fresnillo/penoles buys mag.

the one big caution is that jonathan rubenstein of the aurelian hall of shame is on mag's board of directors. that's why i assign a 50% discount when evaluating mag. the stock ran up to 17 before it crashed down to the 3's, and penoles has recently been buying heavily. sound familiar? so i expect that when the buyout comes we'll get maybe 10 instead of the 20 or even 30 this property should be worth.