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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: More on current value?

Jan 24, 2008 09:17AM
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Jan 24, 2008 10:34AM

Jan 24, 2008 11:40AM
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Jan 24, 2008 04:59PM
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Jan 25, 2008 05:59AM

Jan 25, 2008 06:43AM
There is a general market malaise and in particular with respect to the junior sector.
With the derivatives experience I suppose most are shy of any investment that does not show the goods up front. That is the same problem with mining explorers.

They look at our resource report and see the first two categories ( see below) and compare to outstanding shares, 37 million ounces with close to a quarter million shares is pretty thin, won't you agree?.

Measured Resource: 24,768,000 ounces of silver equivalent.
Indicated Resource: 12,864,000 ounces of silver equivalent.
Inferred Resource: 179,004,000 ounces of silver equivalent.
Potential Resources: 464,660,000 to 806,503,000 ounces of silver equivalent

Notice a significant discrepancy between the first two categories and the last two?
I see the 37 million and there is that inferred 180 and more so the potential total of 980.
I interpret the discrepancy as the company drilling to get a feel as to what is there in as much of the property and shortest time as they could and having it proven up as secondary.

Notable investors will not pay much attention to that potential group of ounces in valuing the company.

Change in evaluators from Broad Oak to Micon means that the company has better info as to how to best prove up that potential part of the resource and credibly present it to the public some time late this year.
This is when in-fill drilling will give substance to the potential.
There are no quick fixes.
Feasability study may be in the works by the end of the year.

Jan 25, 2008 04:34PM

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Jan 28, 2008 05:39AM
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