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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.


TSX:AG - Post by User

Bullboard Posts
Comment by mcintmaon Mar 29, 2006 6:29pm
263 Views
Post# 10587561

RE: FR vs. EDR?

RE: FR vs. EDR?Tough question, they are neck-and-neck in production with about the same inferred resources, similar market caps. I don't know FR's costs but EDR is about $4-5/oz. EDR has an aggressive growth target but it's not 'real' yet. I think you pick whom you feel has the better chance to grow by the bit, or own both to be 'safer'. Those twits over at EDR just kneecapped their stock with a PP 10%+ under market value, possibly creating a 'bargain' situation as everything else silver is shooting skyward. I'm holding EDR and looking at FR. Based on my DD, V.OK looks cheap relative to peers ... have a look
Bullboard Posts