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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: Great Steve Altmann Interview!
18
Feb 08, 2010 03:06PM

Guys, what do you guestestimate the cost of this type of upgrade?

Side stepping your question with one of my own.

Earlier in the interview Steve said that

"In terms of our capital requirements, we won’t know what are capital requirements are for a larger milling operation until we complete our scoping study, which is slated to be completed by the end of March – and once that has been determined we have options to determine which way we want to go forward."

and

"I think the biggest milestones for us right now is to ensure profitability at our operations and to deliver the scoping study for a much larger operation. On that, our plan is to provide a scoping study on a 1,500 ton per day operation, which would represent only a portion of our overall mineral resource. And then we’ll investigate the opportunity to resume exploration of our rich massive sulphide at depth. We’re very excited about the potential of this massive sulfide because this could open up several new doors to opportunities for us."

So these statements indicate to me that it will probably be about 6 months before we see any drilling results. Any comments from the peanut gallery? :)

Thanks

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