First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

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.

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First Majestic Silver Corp

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Post by tictactoe111on May 03, 2007 6:59am

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Post# 12716895

Thoughts on First Majestic Silver

First Majestic traded at C$7 a year ago when they only had one mine producing 25,000 oz of silver per month and 80 employees. Looking at the situation as it stands today the company has three mines producing around 300,000 oz per month, 860 employees and a stockprice of just C$5!!!! I look forward to the company coming off the venture exchange allowing access to the longer term investment funds and as a consequence the true fundamentals of the company to really kick in. The current valuation of First Majestic Silver when compared with the likes of CDE, PAAS etc should prove extremely attractive. We quite simply need the right type of shareholders and for that to happen we need to be on the right exchange.