MAG silver (MAG) is a Canada-based exploration company that conducts its operations in Mexico. The Juanicipio JV is the most significant project currently owned (partially) by MAG. This project is likely to come online during the current calendar year and ignites MAG's growth outlook. In this article, I will discuss why MAG is a suitable growth candidate despite being traded at a rather expensive price-to-book valuation. The growth stems from the ongoing rapid project development, a tentative silver rally, and MAG's strong balance sheet.
Figure-1 (Source: DailyFx)
MAG is not cheap
With