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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 Bobwinson Jul 08, 2009 3:00pm
720 Views
Post# 16125284

RE: RE: RE: RE: S&P

RE: RE: RE: RE: S&PThe reason I'm here is the expansion at La Encantada.   Going from 800tpd to 3500tpd is like adding two new mines to the fold.  Expansion should start to show results this month and keep going thru year end.$0$0$0$0The increased cashflow is projected to be substantial and may forestall the dreaded dilution you are forecasting.  $0$0$0$0$0However, there is always the chance that the expansion doesn't go like clockwork.  Or they need to spend more money to make more money. At year end, we should be holding a really different mining company.  One that is cashflow positive and has an EPS number that is positive.  Good luck on the trading.  That has definitely been the best approach to this choppy market.  
Bullboard Posts