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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 electrowingon Jun 24, 2011 1:20pm
288 Views
Post# 18762109

RE: RE: RE: RE: RE: RE: Todays price action?

RE: RE: RE: RE: RE: RE: Todays price action?N, of course the markets are not entirely fair ~ it's a rigged game that favors MMs.  Beyond that, there are highly unpredictable influences, like investor sentiment, news pumps etc.  Fundamentals and technicals are important, although i think FR is neither overbought nor oversold (as for technicals).  Fundamentals for FR are excellent ~ friendly geographics with solid management (we don't expect them to squander company money on ridiculous bonuses that will get piped into prostitutes and cocaine... :)  -  Historical performance is awesome.  It's a silver pure play, so extraneous variables are limited.  All things being constant in the FR equation, it think of it essentially as a huge silver warehouse.  The price will track silver pretty reliably.  That's what i like about FR.  Not too many unpleasant surprises.  
Bullboard Posts