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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.


TSX:AG - Post by User

Bullboard Posts
Comment by strannickon Oct 20, 2010 9:00pm
518 Views
Post# 17590567

RE: RE: FYI.....

RE: RE: FYI.....
Heres the recent silver buoying news ala H.Organ as of yesterday, after silver's Comex-manipulated smacdown, on why silver is going to the moon, and US$ is going into the basement of the Titanic.

1. Sprott got his licence to start an ETF for silver.
2. The large Pimco bond fund stated that it was going to send its defective bonds back to BAC and other banks.  The losses to the banks
    will be in excess of 3 trillion dollars and then you add the massive credit default swaps.
 3.  China announced that this year its export of silver will decline by 40%.  China,as the major refiner in the world, is basically
     stating that once it refines the global silver it intends to keep a major portion by buying the refined silver from a global  miner.
     China's industrial demand is rising exponentially as well as their investment demand for silver.  This is the reason for yesterday's
     statement on silver exports.

The simple fact is that FR is a well managed, undervalued company mining a resource thats about to explode. Place your bets accordingly.
Bullboard Posts