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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Comment by gildageon Nov 22, 2010 7:44am

514 Views

Post# 17737567

RE: What's out PE?

A little arithmetic goes a long way!....but it depends on how U calculate Earnings...Price is $11.00

You can use backward earnings but they don't take new mines and mills into account!

I like to take a bit of a forward view...(never look backwards too far!)
Q2 was $.10 per share,
Q3 was $.12,
Q4 should be $.14...perhaps...
Q1 2011 will depend on the price of silver in Q1....but say $.14 per share...

So forward earnings is $.50

P/E = 11/.50 = 22

Adjust accordingly for your own view of forward earnings...

lotus petals,
gildage

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