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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: ECU...Locked & Loaded

Great charts Sketch. Looks like ECU will break the 2 year falling wedge at about $1.85 and will breach the 200 dma at about $1.88. I expect a full breach on this run followed by a touchback than off to the old highs at $3.50. The last couple of times ECU had a 10 cent up day, a stellar news release followed in a couple of days so that may happen here. It would be great to get back up to $3.50 so ECU can finance the anticipated 1500 tpd mill which will cost $70 million plus. That means 20 to 30 million more shares issued unless they do debt financing. At 10 ounce silver equivalent per tonne, the 1500 tpd mill could potentially generate sales of $65 million per year at 70% recovery and $17 silver. This would put production at just under 4 million ounces silver equivalent per year. Of course the Terneras vein is 50 to 60 ounces silver equiv per tonne, so if they focus on it they could generate some serious cash.

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