Summary
Transcript
And let us dig in here because this is a 100% owned and now operating facility in Nevada and the plan is to be eventually producing over 10% of first majestic silver production so that it will be sold directly to the public. And they also do have the ability to expand that operation which is already underway. As you see here, plans are currently underway to expand the operation by adding additional equipment personnel.
The first run of products are going to be sold as collectibles with first strike products including 1000 1 kg bars, 2500 ten ounce bars and 5005 ounce bars. And if you take a look over here at the first majestic store, you can see that they have medallions, ingots and bars, some medallion sets and also the cubes which I believe are going to be more regularly available. So I’ll have the link to both those in the description field below.
A few other notes here worth mentioning is that they’re actually seeking ISO 9001 certification so that this silver will be eligible for iras. And if you are a shareholder with at least 100 shares, you get an additional fifty cents per ounce savings. So some good news, especially for first majestic shareholders. And again the links to both of these in the description field below this press release. And again also the bullion store.
I know this is something that they’ve been working on for about a year now and that Keith Neumeyer is quite excited about. And I think certainly a lot of silver investors and first majestic shareholders are happy about to see more of the production go directly to market rather than through the traditional channels. So nice step forward by first majestic and congratulations to them on opening the new mint which is now up and operational.
So just wanted to pass that along. Hope you’re having a great day out there and I will see you again soon. .