First Mexican Gold Corp.

NEW: now 100% interest in the Guadalupe Property in Sonora, Mexico (Jan. 2012) / Best intercept: 37.8 metres of 6.51 g/t Au, 678 g/t Ag

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Message: Re: FMG has a silver lining....
2
Apr 13, 2011 11:15AM
1
Apr 13, 2011 04:29PM

I agree with the "amazement" of our share price... Just to put things into perspective, the "middle" figure of silver or 174 g/t is approx. 5.1 ounces per ton which, when multiplied by a silver price of $40/ounce, gives you a profitable mine with silver alone. Now, intercepts of 29 meters with this value is very good as long as the other 2 values come back with some substantial numbers. If you have 29 meters by 5 meters by 50 meters, then it's hardly worth the effort to start a mining program. If you can get 29 meters by maybe 10 - 20 meters by a couple of hundred meters of this kind of grade, then you are starting to make a valuable resource and make it worthwhile to mine this...

The other two values here will be necessary to make this stock start to take off, in my humble opinion...

Herb

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