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First Majestic Silver Corp T.FR

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.


TSX:FR - Post by User

First Majestic Silver Corp
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Post by metalmaniakon May 02, 2011 4:04am
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Post# 18516263

best miner to be short is FR

best miner to be short is FRstarted shorting at 20 up to 23 for a great short price of 22. FR is extremely overvalued on fwd earnings and will lilely correct to the 12-13 level with silver falling back down to earth...I see silver at 30 shortly, FR could actually go to 10 bucks. Personally short silver vs long gold at the moment in a pair trade as well.
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Dealroom for high-potential pre-IPO opportunities