First Majestic Silver Corp C.AG.UN

Primary Symbol: 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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Comment by OptsyEagleon Feb 24, 2010 8:59am

271 Views

Post# 16813953

RE: Not sure if this may help you.

The only problem with that news release is that it conveniently left out what interest rate they are paying. You have to assume it went up. If the rate went up by 3%, it would equal a reduction of
.12 per share of distributable cash. That guess seems high to me but why does Arctic Glacier make us guess? When that happens we have no choice but to guess worst case scenerio and a guess like that puts a share price target at about $3.00 per share, which means few self respecting investors would want to pay more than $2.25 to buy it.

I am glad I don't own it.

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