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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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Total value of C-1 vein at level 19 is $2,236 per tonne at current prices. Even diluted at 60% recovery and to 1 meter vein width it is still $684/tonne. Operating cost about $45/tonne. This seems to be the deepest they have developed - level 19, way below previous development. At 820 tpd and 90 days per quarter, this material would generate $50.5 million in sales per quarter. Call it $40 million profit per quarter or 13 cents per share = 52 cents per share per year. Keep digging ECU.

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