First Majestic Silver Corp T.FR

Primary Symbol: 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.

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First Majestic Silver Corp

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Post by threecpxon Mar 06, 2008 10:47am

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Post# 14606858

Kin of ironic isn''t it ?

The finacing will net about $55M to be used to increase production at the mines. Production scheduled increase is from +3Moz to +5Moz for 2008, a generous 2Moz increase in production if they meet target for 2008. My average silver price for 2008 at $18-20. Cash cost at $6-7 so cash flow at $14/oz. Therefore: finances $55M to get increase cash flow of $28M. Is that is good financing ? Reap the benefits in 2 years and infininum ? Only the future will tell. GLA

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