TSXV:SLX.P - Post by User
Comment by
bruchawon Apr 03, 2012 12:29pm
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Post# 19753293
RE: Approx $.60c a share
RE: Approx $.60c a share Mixed emotions on this one. Depending on you average purchase price this aquisition comes at a premium or a loss. The 60 cent price is 25% below my average purchase price; so that doesn't feel good. The lemonade that I will make from these lemons is; First Majestic is a world class producer and will jump us forward light years. We are less vulnerable to shocks such as a breakdown at the mill, cave in at a mine, or labour disputes. I think that in the coming mania stage of this bull market in silver First Majestic will perform incredibly well. They have multiple mines and mills, which is more stable than being a junior that can be knocked out with some bad luck. There is also a chance that we could receive a dividend (and perhaps it will be physical silver as FR has its own refined and minted bullion). Do I think that we are being let go too cheap? Yes. Can we make lemonade? Yes. Am I seeing this correctly? Please give me your feedback.