First Majestic Silver Corp C.AG.UN

Primary Symbol: 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 OptsyEagleon May 11, 2011 7:39pm

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Post# 18562822

RE: RE: I still Predict a Buyout: $2.60 per share

You are assuming that there is only one interested party. Making ice is a pretty simple business and Arctic Glacier generated over $60 million of free cash flow last year. I imagine more than one company would be interested in acquiring $60 million, paid each and every year, if they can just get rid of the uncertainties, ie: lawsuits.

However, that being said, you may very well be right.

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