TSXV:SLX.P - Post by User
Comment by
crusaderdogon Feb 23, 2011 5:14pm
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Post# 18183116
RE: RE: RE: Possible?
RE: RE: RE: Possible?We are hanging in there. Cresting over $1 is a big deal. I'm glad it took a while, it let me get in cheap! if the company can update the resource estimates and find some PM in the ground that will go a long way. I think it's down there, they need to find it. It's very doable IMO. Look at Great Panther today. Up over 8%, and they have about the same amount of silver in the ground IMO. But they also mine a few million ounces annually. First step, find more silver in the ground. Next step, start mining it. Worked for Endeavour Silver, worked for Great Panther. Just the prospect of doing it worked for UXG. I think it will work for Silvermex. They got the management team in place, they got a great land position, they got a good-looking balance sheet, the price of silver is doing its part, now the company needs to get to work and execute the game-plan. It's not going to happen by itself, SLX management needs to make it happen. Let's wait and see if they can pull it off. GLTA