"SLX fair market valuation: $5.16"That comes from GoldMinerPulse:
https://www.goldminerpulse.com/blogs/silvermexResourcesValuation.php
That's 6-7 times higher than where we are. There's definitely method to GMP's valuation process. We may not get to that level tomorrow, but it shows just how idiotic it is to characterise the current share price as anything like "fair value".
This one's just for Rozelli: Arian was featured on GMP a fair bit a while ago and was similarly lagging behind its GMP valuation, though not by quite as much. It got up pretty close to it in the end before the current correction, after Jim Williams' sterling promotional efforts awakened the market to the company's exploration growth potential.
The undervaluation of Slvermex begins back in the Genco days, and the hope was that the merger would inspire the market to take a fresh look at a radically undervalued entity. It is going to take a lot of effort to awaken the market to Silvermex's potential - effort we have not seen yet. Using the word "incredible" in a news release issued shortly before the markets shut for a long weekend is not going to do it, that's for sure.
What's so frustrating is that it's hardly a massive endeavour in terms of cost or time to pick up the phone to an XCAP and get them to translate the corporate promotion into a professional research report. There are countless websites out there that would love to receive a phone call setting up an interview with Duane Nelson, where key indicative current and prospective figures could be talked about. Why isn't it happening? When will it happen? They should be setting it in motion first thing next week