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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 tictactoe111on Oct 07, 2004 4:56am
172 Views
Post# 8019459

RE: What's the matter?

RE: What's the matter?It's funny you should say that as FR happens to be not my biggest holding but not far off which considering it's size is very unusual for me as i'm not a huge risk taker. Everything seems to stack up in respect of Neumeyer and his track record with First Quantum. So far the promises he has made to stockholders (FR) have been kept and to me this is the most important thing of all. I happen to believe that he's going to bring in some more spectacular deals, investors only have to look at how much we got Parrilla for to see what may lie ahead. Will FR become a multibagger stock, I really don't know as we are such an early stage. I believe the chances are good though even if silver falls from current levels, if it rises as I expect it to over the next few years then the sky's the limit. As stockholders though we don't want the silver price to run away before we have get a few more deals in the bag. For a junior it looks very stable which I like and hence such a large investment.
Bullboard Posts