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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: Why doesn't ECU share price appreciate??
3
Jun 08, 2009 08:27AM
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Jun 08, 2009 01:02PM

Jun 08, 2009 01:37PM

Hecate, are you using the one million $ figure per month that I put out as income from operations. That was a back of envelope estimate to support my point. Do not take that as gospel. However it does work out to $2500 per month per person, not a bad average especially for Maxico, would you not say so?

Things that should change that value are increased volume and better efficiency of processing as production continues, But more important, most of those employees are not in the USA at minimum wage paid in US dollars. I would hazard a guess that they get paid a lot less when you translate from pesos to dollars. If my memory serves me correctly from a while back, cost of operation for regular
ore was $25 per ton and for the narrow veins excavated to one meter widths, as much as $45 per ton. This was consistent with expected mine operations. Do not ask me whether it was before or during the time that oil price spiked to over $100 per barrel, my memory is not that good.

If this operation was not profitable I would try to be one of the first to say so. Au contraire, not only is it profitable now but prospects are great - That is why I tried to wake people up to speak up this noon.
The share price should be higher today by a factor of two to three in this market compared to our peer group. During the meeting (I think GRW said so?), the company was comparing itself to another and showing why we should stand out, for good reason.

I suspect that we are being played with share price wise and that we are not vocal enough to promote our selves, I mean us on this board as well as the company.

Either you are not reading enough about the company or you are in bed with the players. Which is it? My apology is I'm wrong.

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