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.

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First Majestic Silver Corp

Bullboard Posts

Comment by gildageon Sep 03, 2010 1:56pm

497 Views

Post# 17413330

RE: RE: FR Warrants and bullion

If you wanted to buy an in-the-money 7 month call option on silver, you'd have to pay at least a 50 cent premium...and FR warrants sell for almost NO premium and 3x leverage. I can't believe it! Good move silverseeker. imho.

FR.WT.B has become my largest holding on this latest rise. I'm selling only enough to pay my bills next month.

Every additional $ rise in silver price goes directly to FR's EARNINGS at this point. That's the P/E leverage of the shares to the silver price...and Ag is on a breakout run! FR's earnings will be as well.

lotus petals,
gildage

Bullboard Posts

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