Re: The ECU "Maginot" Line
in response to
by
posted on
Mar 08, 2010 06:51PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I have noticed a lot of posts on this and I have a different insight. For the last couple of years I harped about the mining output of ECU. During that time I was correct because they didn;t have any production. But now the ducks are lined up. We have capitol funding that should help mining production at peak performance. We are not at the top of that performance yet, but we have seen great strides towards positive cash flow on a monthly basis now. I really believe we are setup for a good run and anytime you hear they are ramping up more production that is good news. When ECU gets to the 1500 tpds a day lets see how easy it is to buy in then. That is 2 times what is needed for this company to show positive cash flow monthly. The other reason is silver. Sooner or later we will get that ratio between gold and silver close to what it should be and the fireworks will then be set off. One more reason though China, Japan and any other country can rip up all the old technology they want to get silver and gold for further production or asset class. But they still will not have enough silver or gold to keep up with global demand. Peace all Have a good day.