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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 Jan 21, 2011 12:15pm
430 Views
Post# 18007799

RE: RE: Giving shares away...in volume.

RE: RE: Giving shares away...in volume.Abe;
But I question the mindset of people who just "know" that ""Silver stillgoing to $100, $200, and probably $500."  No, you do not know anythingand markets can be manipulated for a period longer than the remainder ofyour life span before the true price eventually becomes evident!

So here's my mindset...QE to infinity means at least 100% growth in money supply...and it is either QE to infinity..or a new currency $US which will happen eventually because the US is BANKRUPT and MUST DEFAULT eventually.

So...it follows that there is 100% probablilty of gold => $4000 US and likely much higher (just divide the number of US dollars by the number of ounces of gold the US owns to pay its bills....

This DEFAULT or New currency MUST happen within two years because the US is approaching the point where tax revenues do not pay for the interest on US loans...we may already be there....and THIS CANNOT be hidden. It is reflected in increasing BOND YIELDS.

With gold at $2000 and the silver physical demand already outstripping gold physical demand by as much as 100 to 1 (in ounces)...there is 100 percent probability that the physical silver market will default as well. THIS MUST happen as there is a finite silver supply and an exponentially increasing silver demand.

Therefore there is in my opinion a 99% probablility that silver will return to a 16:1 ratio with the gold price...WHEN this happens, with gold at $4000, silver will be priced at OVER $200.

There is a 0 percent probability that paper trading can hold silver prices longer that the remainder of my life...I believe that it is just mathematics...NOT opinion..!
Bullboard Posts