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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

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

Bullboard Posts
Comment by strannickon Oct 21, 2010 6:52pm
562 Views
Post# 17595690

RE: RE: RE: RE: RE: momentum

RE: RE: RE: RE: RE: momentumPLE;
Nice post. I've been involved in FR since 2.50, and I see no reason to get out now. In that time there have been plenty of crashes, for months, then it inevibably ground higher. It ground higher because it is undervalued, as in, it kicks out lots of cash and will kick out proportionately more, and that isnt presently expressed in the stock price. SLW, CDE, PAN, SSO, were all once trading at $5. Just cause FR is 6 bucks now, doesnt mean thats fair valuation. Delve a little deeper than a historical price chart, and this becomes abundantly clear.
Im perfectly content to sit and let this stock churn upward, and have no need to play the ticks like some coffee and adrenalin addled, ADD twitchy trader, but if that works you, then go for it.
Bullboard Posts