TICKER: TSX.V:SMR
DESCRIPTION: Silvermex Resources Ltd. is a Canadian-based resource company focused on advancing economic silver resources to production. The company's portfolio of advanced stage silver projects in Mexico hosts high-grade, near-surface, potentially bulk-mineable silver deposits. Silvermex has an initial measured and indicated NI 43-101 resource of 32.7 million ozs silver and inferred resources of 9.6 million ozs silver. The company's flagship project, San Marcial, which includes the newly acquired Rosario silver mine, is located in Sinaloa state, 90 km east of Mazatlan. The project consists of just over 17,750 hectares with upgraded facilities and infrastructure.
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
"I was first on the Silvermex Resources Ltd. story. Silvermex is good. We got in probably at the initiation of the company and then the credit crisis hit and we basically were stopped out of the stock. They're moving toward production. It's probably a higher risk than, say, some of these other companies that are producing metal or will be shortly. I wouldn't consider it particularly undervalued at this point, because we haven't had a long enough history on the company as an up-and-coming producer."
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The Gold Report Interview with David Morgan (02/26/10)