RE:"3.7m oz gold but they think there's an elephant there"Hi Matt....,
As long as I've been following and investing in FirstMajestic, KN has been scribbeling about huge number and huge silver prices.
JUst for the fun of it, look at Q2 numbers and the Gold to Silver ratio specified.
Then take 200K Gold and the current 21+M Silver eq ounces and add them up.
How many million silver eq ounces would you be short compared to pushing 50M.
I just hope that silver goes up to the point where KN just cannot loose money anymore in 3 or 4 Q's and that the SP of AG will go up and I will be out-a-here and never ever wanna hear about this sh*tshow again.
He says he's from banking, I wonder why he left, but he doesn't understand numbers.
AxPro