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NASDAQ : GORO / Low operating costs and producing high returns on capital.

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Message: Exploration update

Bernanke,

These 4 drill results would produce ore values of $1449 to $900. I believe you visit the two Yahoo sites where GORO is discussed at length. I'm not sure you are aware of it, but Rival and I ran the numbers on $1132 ore. It resulted in $9 p/sh earnings for GORO with a PE of 10. Yamama has a PE of 40. GORO when eventually in full production should carry a higher PE because it will be the lowest cost producer that I know of and that always carries a higher premium. Let's forget all that to be as conservative as possible and figure those earnings with a PE of 20. That would result in a share price of $180. Believe it or not. That's the potential this stock has. I know of no other like it.

skys

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