First Majestic (FR.to) (AG): Is a 20c quarterly EPS enough to support a $20 share price for a silver miner?

Answer: Nope.

Here's today's NR on annual results, so click through and have a look for yourself. Anyway IMHO and FWIW* revenues came in fine, cash costs are creeping up (but aren't they all?), guidance for FY12 right is on the button. In other words FR.to is still a good company executing well, but its stock is expensive.