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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: is this manipulation? (ECU or SSO or both)

May 13, 2008 04:38PM
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May 13, 2008 05:56PM
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vhf
May 13, 2008 08:10PM

This is an excellent post.

By the way, I have no interest in the billid arguer as he seems to be full of it....already too much said on this topic.

If you 'back of the envelope' calculate 1.5 Bln ounzes and equate SSO's market cap of 1.8bln to ECU, you get $8/share for ECU. Haircut that by 50%, you get $4. Why 50%, because of the 800MM Potential. I actually think ECU has 1.5 billion ozs....you just dont get 3000g/t....this is quite the something to look forward to.

ECU will need to move to production, or at least self-sustenance mode. However, it would do them good to ease into production in order to prove up more resources so as to get a better price from any suitors they maybe speaking to.....

That said, I'm not one to suggest any course of action, as far as I'm concerned, ECU mgmt is doing just fine and am extremely happy with progress.....the stock price is down, but this will all play out soon enough, it can't be helped...all is moving along.

Oh, and those prices i mention above are the depressed prices at 12$ silver(?)....add in another XXX% while we hit the mania stage if not more and you have a smokin' stock play.....!!!!!


May 14, 2008 11:29PM
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