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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 Nov 12, 2010 1:22am
463 Views
Post# 17696848

RE: RE: RE: Correction starting!

RE: RE: RE: Correction starting!Hi SG;
Im not going to presume to be able to predict what sinister chicanery the Banksters will try and derail the silver express with next, but you are right, its all about instilling fear in silver holders.
Im skeptical about silver reaching 25 though, because of recent big purchases mentioned earlier, like Sprott's 500 million purchase @ 25.85, and US Silver anouncing that its closed a forward sale for 500 000 ounces in 2011 @ 27.50. Perhaps silver will touch 25, perhaps the bottom is in right now.
Im sufficiently confident however, that the relentless powerful pressure is up.
Since Im all thumbs when it comes to timing pullbacks, Im quite happy to sit still, and watch the Fed/Bankster strong dollar card house fold, whilst silver explodes off the launch ramp, along with FR and other silver proxies.
Bullboard Posts