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Mexico would not conquer Bosnia, but it would probably beat it in a war.

Believe it or not, Mexico has a pretty large army, with more than 300 thousand troops.

Bosnia has barely over 11 thousand, so the Mexican armed forces outnumber the Bosnian armed forces 27 to 1.

Also, Mexico is the 14th largest economy in the world, while Bosnia is the 104th one. The budget for the Mexican army is much larger and the equipment is also better, since it imports a lot of American and Russian weaponry while Bosnia still uses a lot of old, Yugoslavia era equipment.

So, based on these facts and not including other things like the fact that the US would most likely be on Mexico's side or that Mexican special forces train with the US, etc, it's safe to assume that, while Mexico wouldn't be able to conquer Bosnia, it would be victorious in the unlikely event that an armed conflict happened between these two countries.

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