sorry clicked wrong button :(
SLX - Silvermex - Page 59
SLX just did an update a few weeks ago, the new management is going over the data from Temascaltepec area ( resources at La Guitara) and will do some development and drilling before expanding production later in the year. I suspect a Q report is due out in the next while as we have not had a financial report since the merger went thur in NOV. I dont see the report doing much for the stock tho, as production has been limited to a few hundred tonnes perday as they develop enough of the orebodies for future expansion of production. This one really should be a play on silver/gold in the ground, as they are valued somewhat less than many explorers who have no production and a lot less in resources. Exploration potential for SLX is as positive as for any explorer out there, and they have the added bonus of a producing mine already with all the infrastructure in.
I believe a general selloff in the markets , and funds etc are selling everything good or bad , silver or gold , really doesnt seem to matter.
I did pick some at .82 today and appears i should have waited. BUT i liked it .90 and believe fair value over 2 $ , so at these prices even better.
Same here. This .68-.70 range just seems too good to pass up! Silver is going to remain volatile but I don't believe any recent events change its long-term perspective. Just means great discounts for buyers!