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

Post by gildageon Aug 17, 2010 12:28pm

890 Views

Post# 17357573

2 yr long "Cup and Handle" breakout

Correct me if wrong on this but technical Target is $8.00 on this kind of breakout right..?..?.
This would put the FR.WT.B at $8 - $3.50 = $4.50 (357% gainfrom here).

I'm just guessing here as I'm not a technical expert...but that would put the estimated 12 mo PE at around 20 which makes good sense as a MINIMUM from fundamental perspective.

But anything can happen right! The universe will unfold the way it wants...it usually doesn't listen to me. And all of you guys clearly haven't been either looking at the price action...

Lotus petals,
gildage

Bullboard Posts

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