Wake up folks.
posted on
Jun 08, 2009 06:54AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I am disappointed with this board's lack of reaction to the info from the meeting. Zak and Scout seem to be mostly interested so for them my comments:
Scoutaz, those are silver equivalent ounces and can not be counted and priced as actual silver. Most likely only 2/3 of that is from the silver 2/3( 1,200,000 X 14.00 = 16,800,000). Lets assume that we get 11 million $ and the zinc and lead will have to wait until the prices of those metals are more favourable, so I will not include them here.
We have 40x260x900$=9.36 million $ from gold.
So the total gross value is a bit over 20 million $.
We would not get world prices but about ten percent less so now it is 18 million.
Then take a third off for operating expenses and royalties, that leaves 12 million per year or a million $ per month profit.
Note that I am just ball parking to get a round number as an answer. It is quite reasonable that the actual may be ten percent up or down but this is enough for my argument.
So never mind about fussing about the DOW, current price of gold and silver or what may happen with them two weeks from now.
We have at least a million dollars to come in every month. Enough for improvements, additional exploration or save for additional mill capacity, all this without having to go begging with cap in hand. That is the most important thing that drives this company and not some external influences that may OR may not apply.
Similar to this board, the market is not reacting to our new state of affairs, hence not pricing us as we should be. Not so long ago we were cheering about the confidence of half billion Ag ounces in the ground and potential of over a billion.
Now that we are cash positive, the reaction is numb by comparison, imo.
Cheer up folks, you have the right and the cause.