YYY vs.ECU
posted on
Jul 06, 2009 08:25PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
YYY Corp.is “an emerging” mining company focused on production and pursuing development of gold and silver projects that feature low operating cost and produce high return on capital invested. It is focused on upside exploration discovery…65 millon shares trading. They are building a company that will have cash flow…to build the company…but does not yet have any. It has 100% interest in four potential high-grade gold and silver properties in Mexico. It has years of drilling and assaying to do to build up its potential reserves. Infrastructure is 2 KM away. It’s open pit project looks good, averaging 7.5 gm gold and 63 gm silver on drill results and YYY is targeting for 70,000 oz. gold and 600,000 oz. of silver. They have intercepted a possible feeder vein. The deep deposit properties have multiple high grade (2 M of 25 gm/Ton) requiring exploration and drilling. The co. has “estimates” of its deposits being a total of over 1 million ounces. That is not a scoping study or feasebility study…it is an estimate.
“All three deposits discovered to date are within an important regional structural corridor over 16 kilometers long, all within YYY's land concessions. 8 kilometers of this corridor has returned high-grade rock chip surface samples, with the highest 115 samples, running over 0.43 ounce per tonne gold equivalent. Multiple targets exist along and around this regional corridor and YYY plans to explore many of these targets with cash flow from operations.
This co. has virtually nothing compared to ECU.
Now I ask you ladies and gentlemen, again…how can this $4.50 stock possibly compare to ECU trading at 1/8th the price , a TSE listed stock with proven resources over 340 million ozs silver equivalent and over a potential 1 billion oz. silver equivalent including the massive sulphides?