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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a mining company. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, 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. The Cerro Los Gatos Mine is located around 120 kms south of Chihuahua City, Mexico.


TSX:AG - Post by User

Bullboard Posts
Comment by touaregon Mar 28, 2013 10:56pm
221 Views
Post# 21184332

RE: RE: Next week and beyond

RE: RE: Next week and beyond

Hi mantosman.. silver didn't go lower than 28.25 today.. currently @ 28.67 after a bump up when the Aussie markets opened (probably other far east markets too).. and really it has been sideways for a month now.. between 28 and 29.30.. I expect it has to break-out of that range sooner or later.. logically you would expect that to be north and testing 30 but then markets are not in the least logical these days!

How can anyone honestly say that the POS is not controlled and represents a true reflection of the real value of silver when the daily silver market paper trading is more than the total value of all the silver on the planet?

It's 10 years now since I became aware of the potential of silver in this bull market.. having read so many articles predicting the immanent explosion of the silver price to 100s of dollars it would be easy to become cynical and doubt those outrageous statements but imo those commentators are right.. they just got excited and thought it would happen sooner.. My conviction that silver will climb to dizzy heights has never wavered.. the only question is: when?

I dunno.. but right now seems like a good time to get positioned into quality silver stocks like FR.. I'm not ready to go all-in yet because another correction seems a possibilty but a very serious move in the POS ($70-$80) seems very probable to me sometime this year or next.. How $70 silver will equate to FR share price I will leave to the imagination....

Sweet dreams.. 

Bullboard Posts