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.

TSX:AG - Post by User

First Majestic Silver Corp

Bullboard Posts

Comment by tictactoe111on May 26, 2008 8:25am

518 Views

Post# 15108943

RE: Two issues.

Gary, first off I agee about the site but I don't agree about your prediction in where the stockprice is heading. I have a target of C$11 (see post below) by year end on the longer term chart but I have isolated the FR chart from when it got promoted as it will be on a different 'blackbox' trading platform. Although longer term stockholders have been treated in a Pavlovian manner with the shorts controlling the price at a ring of a bell over the least two years this is no longer the case for the reasons stated in my previous posting.

Here's the snapshot of the FR chart as I see it playing out initially with a move into the upper trend lines. Quite how quickly we get there is obviously dependant on the sector as a whole etc etc.

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