Seeking Alpha
Summary
- Maya’s PEA at Zgounder suggests a viable silver production.
- Investors should look further than the relatively short mine life and see the bigger picture.
- Thanks to its relationship with the state-owned mining company, Maya has a huge opportunity to secure the land packages it wants.
- Morocco is a mining-friendly country actually encouraging investment in mining, instead of scaring mining companies away.
Introduction
In this article I’ll have a closer look at Maya Gold and Silver (OTC:MYAGF) which aims to develop its Zgounder silver project in the kingdom of Morocco. I will provide a background overview of the company and will use the official PEA as base case to alter some inputs to see if the project’s NPV still holds up using a lower silver price. Thereafter I will discuss the main risks associated with an investment in Maya, and I will expand a bit about Morocco as a mining destination as not a lot of people will be familiar with the country. Before moving over to the investment thesis, I will also offer some possibilities how this project will get funded.
