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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 gildageon Nov 04, 2010 11:57am
487 Views
Post# 17657400

RE: RE: If manipulation ends

RE: RE: If manipulation endsTwo of the most undervalued silver stocks currently are GGC and ECU..imho.

Both have mills which should be turning profitable in latest or next quarter, and both have large 43-101 resources...

Both sell at under $.50 per ounce of silver (equiv) in the ground.

ECU should roll it's funding over and have income from operations.
GGC is in a merger (should happen next week) with Silvermex and they have cash and expertise.

ECU is heavily bashed on here on stockhouse BB, but Agoracom has decent, knowledgeable discussion, and reliable back of envelope calculations..

There are 2.8 million ECU shares still short as of end of Oct.

I own large quantities of both. I am biased.
Do DD...

lotus petals,
gildage
Bullboard Posts