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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
Post by bridgenut107on Apr 19, 2013 8:22am
185 Views
Post# 21273904

a technical question please

a technical question please

There seems  to be a disconnect  between  in thought  going on .If you go to sliverdoctors you will find  that  yu have  a real problem between the price of the physical  which seems to selling at 3-6 dollars above spot paper price  and the fact that there  no pyhsical ...Even junk  silver is trading at 4-6 dollars above  spot.  Also there is the comment that the comex is dead  and that  folks will not  getting silver bar delivery but in fact will get  cash equal to the spot !!!  So here is the question ...as far as FR is concerned and the ability to produce real physical product  and the fact that  they have not future sold or hedged silver...should we not be safe with such a company....should we not have the cushion or confidence of knowing that  our investment  in FR is real and represents real  silver .Is the fact that the real or unreal trauma at comex is speculated not absolutely fantastic news for  companies like FR. 

Bullboard Posts