First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada. The San Dimas Silver/Gold Mine is located approximately 130 kilometers (km) northwest of Durango, Durango State, Mexico and consists of 71,868 hectares (ha) of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located 150 km northeast of the city of Hermosillo, Sonora, Mexico and controls mining concessions totaling 102,244 ha. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha.

TSX:AG - Post by User

First Majestic Silver Corp

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Comment by briton Dec 08, 2009 3:10pm

435 Views

Post# 16565794

RE: RE: Heading For $3 Support

Hey gildage,

Like you I see a far higher price for silver in the Spring, but right now we have a significant correction underway, like it or not. I've already predicted Ag during this corrective phase could drop to the $17 range, and if this occurs I cannot see FR staying artificially high.

If I'm wrong, great, as I'm already a shareholder, and have done very well with FR, trading it and the "B"s all the way up. However I would like to add to my current position, and therefore consider the $3 +/- range as a point of interest to me.

Brit

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