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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 Nov 18, 2009 3:16pm
602 Views
Post# 16500706

RE: undervalue

RE: undervalueSVM trades in the US on NYSE.  Much bigger market with higher visibility.  US investors don't have many choices for US listed profitable silver producers and many are ignorant of mining business so they stick with big, well known names.  PAAS, CDE, SLW and now SVM are over a billion in market cap.  SVM also pays a small dividend.  They have zero  silver production costs due to byproduct sales and are increasing production and exploration.  The China location just adds a little sex appeal to the stock.
Fundamentals will win out in the end.  Be happy you are on board with a good company that has bright prospects.  La Encantada is still a production risk.  Wait till we have it running at full blast for 2 or 3 qtrs.  Share price should reflect the big increase in production, revs and cashflow.  Be patient.  
Bullboard Posts