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Silvermex Resources is focused on early to advanced stage silver exploration projects in Mexico, where it has five properties and combined resources of 24 million ounces Ag on its Penasco Quemado and San Marcial properties. The acquistion of the Rosario property, a past producting mine formerly operated by Grupo Mexico and located close to Silvermex's Marcial property, from Aurcana Corp in May 2009 both increased Silvermex's resource base and provides near-term production possibilites. In September 2010 the company announced plans to merge with Genco Resources. In March 2012 the company agreed to be acquired by First Majestic Resources on the basis of 0.0355 FR shares per SLX share, roughly a $135 million transaction.
Key to Understanding IPV Charts and Spec Value Hunter Tables
An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked.
Poor Speculative Value -
Fair Speculative Value -
Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Click on the company name to view the company profile, the project name to view project details.
Click on the project icon if its background is shaded to get the IPV Chart for that company.
