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

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Post by gildageon Sep 15, 2010 10:29am

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Post# 17450432

The Silver Seven

This is a chart showing the values of the top silver miners:

By the way, the Silver Seven are comprised of Coeur d'Alene Mines,First Majestic Silver, Hecla Mining, Pan American Silver, Peñoles,Silver Wheaton and Silver Standard Resources.

Now remember, FR is the MOST undervalued of ALL of the Silver Seven according to Bill Matlack's chart on Kitco...
I reckon that FR has to double relative to the group...THEN the group has to double just to get back to where it was in 2007-2008...

Yikes!

Disclosure: I hold 100,000+ FR warrants and shares. Am I biased? You bet!

lotus petals,
gildage

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