Loading ...Must Buy for me
A mining stock that I owned and posted earlier this year that I got out of near the Aug. highs, is once again an outright BUY. MAG should be bought aggressively, especially if it can trade down near 17.(original draft written over the weekend when it was just under 20) It recently made another ATH. The two catalysts that propelled it were the beginning to actually mine silver at the Juanicipio project in Mexico and the purchase of a project in Utah. Just as NEM is the leader in gold I believe MAG is the leader in silver. 
I am with you on the MAG call. We are trading with a 16 handle as I type and IMO this is where to buy.
MAG is the quality play, but to classify it with NEM makes no sense. MAG is a single mine which only owns half of the deposit and Fresnillo operates it. It’s in Mexico so it does carry with it the politics of the moment in Mexico. It’s a good solid safe play, but its not the NEM of the silver sector. If one needs to make the analog that would have to be PAAS
My analogy is not based on fundamentals, which you are correct on. My comparison is on trading action in that I believe NEM is great for telling me what gold miners are doing and should be doing and MAG tells me what silver miners are doing and should be doing.
I remember Mike Bolser pushing MAG in the $6-8 range 15 years ago.
It went nowhere for a decade. More or less.
That’s NOT to detract from him (early) or MAG, which finally began to move.