So the First Majestic shareholders seem to be looking only at the dilution. They bid the price down to $20.29 today. At .1202 that equates to $2.44 for OK.

On BNN today the president stated that La preciosa will be their largest mine and that they expect a duplicate resource at depth....OK only drilled to 300 M...FR will drill to 700M.

Also most of OK's resource is in the inferred category because they did not drill enough holes to make it 43-101 compliant. When the new PEA comes out next summer it will have a new RE and some of the inferred resources will be moved into M&I.

FR has about 500M OZ silver equivalent which will increase to about 700M OZ with the addition of OK.

Let's hope that FR shareholders have some time to do some research overnight and relize the true value of La Preciosa when markets open tuesday.

SN