Building Silver Resources in Mexico
200 million plus oz of Silver and 1 million plus oz Gold Resource
Message: The Gold Report Interview with Sean Rakhimov (01/14/11)
The Gold Report Interview with Sean Rakhimov (01/14/11)
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"Eric Sprott has made an all-out bet on silver. He's been buying equities. He's been buying physical silver. He's been investing in companies and doing a lot of work in the silver space. One company he helped finance, and one that has received a lot of press recently, is Silvermex Resources. Silvermex is a very different story from what it was a year or two ago, when it was an exploration company. Since then, it merged with Genco Resources. Those who follow my work know that I was on that story from the very early days. Genco had a mine known as La Guitarra in south-central Mexico. The merger married a mining asset with mining management. Genco ran into some problems, and now La Guitarra is in good hands, spearheaded by Silvermex President Mike Callahan. Silvermex, in my opinion, has the best board of any silver junior. They are very competent people who have both production and exploration experience. Silvermex now has financing in place, so I expect some very interesting news coming from that company. . . I was on the [La Guitarra] property about three years ago. That project has a lot of potential; there are some big resources there. Now that La Guitarra has the mining experience of Mike Callahan and his team behind it, I think they will be looking to put that asset back in production and start generating cash flow. Silvermex is on my list." View Entire Article: Sean Rakhimov: Silver Going Mainstream in 2011 |
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