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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 GOLD8888on Mar 27, 2008 3:46pm
494 Views
Post# 14912752

RE: $$$ 370,000,000 "Million "Ounces"-$$$

RE: $$$ 370,000,000 "Million "Ounces"-$$$Get physical - The Cartel hates when people get physical - Why so you think that known Cartel entities like World Gold and Barclays sponsor gold/silver ETFs that have no metal, are not redeemable in metal and are only paper derriviatives of the underlying metal. They are opening four ETFs in India alone to try and siphon off metal demand into paper.... If more people bought physical, the gold price would shake the shackles imposed on it much sooner. Historically, gold/silver stocks are supposed to go up three times the percentage of what the metal price goes up. This is a tried and true rule of thumb I have heard repeated over and over. This last 8 months, you would have made a lot more money holding the metal than the stocks !!!! Only explanation...... outrageous manipulation. In the end, only physical will be worth anything anyway...... but be careful .... the danger with physical is that someone can bang you over the head and take it away. Remember - A good hiding place and spreading out your assets is better than a metal vault. A metal vault just tells the thief that you have been kind enough to gather all your valuables into one place for him to steal. I have too much in gold/silver stocks, but I have heeded my own advice for a majority of my holdings already.
Bullboard Posts