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First Majestic Silver Corp T.FR


Primary Symbol: 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
Post by threecpxon Mar 05, 2008 5:31pm
436 Views
Post# 14603163

Let''s get you blood boiling again !

Let''s get you blood boiling again !Mucho banter today about profit at $21 silver. This news release would suggest even with a $6 cash cost, the cash flow is not enought to offset the infrsstructure cost. Thus the need for financing at such depressed share price, so now it can operate for anoth 1 year added to the normal 2 that was left in the bank. Normal opeating cost that is without constructuion cost. No net earning unitl Q4 or Q3 of 2008 and even then you will need more financing to built more mines. Someone poste 5M oz produce and that's a NA-DA at this stage. i go generous and use 3Moz at 14 profit from sales. That's a cash flow of $42M which means constructing is clipping at more that $42M per year for now, say $50M. Construction is still slated for another 2 year a least meaning $100M is needed unitl end of 2009. How long is this been running ? Mine does not cost 500M ... hmmm ? What did I miss ? Cheers Any more
Bullboard Posts