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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: ECU gold and silver worth $38.823 billion at current prices.

I last posted this table on 4/1/11 and our PM value was $34.627 billion, so it has increased 12.1% in the last 4 months while our share price has dropped. At yesterday's close, our market cap was $227.26 million, so our resource value is 171 times our market cap. I think 10 to 20 times our market cap is more resonable and that would give a 10 fold increase from here. Buying ECU stock buys you a silver equivalent ounce in the ground at 24 cents per ounce.

I guess I am one of those ECU cheerleaders and I apologize for my bullishness in retrospect. But these forums are called BullBoards so it should not surprise anyone. I am a numbers guy and to me the numbers look pretty good. For whatever reason, a large short has sunk their teeth into ECU. This fact has been posted here by others which had the resources to investigate the issue. The rabid slanders on Stockhouse spend so much energy attacking ECU that there is no doubt they are anything but paid bashers, that or they are the most miserable people on the planet. I do not know if the short is there as an attack on Bill Murphy or if they just felt that our veins are too narrow and our financial condition too weak. I believe that if this stock had not been targeted, it would have grown on its own since capitol would have been available with much more acceptable share dilution.

Category Gold Ounces Silver Ounces Gold Value Silver Value Total Value
$1665.8/oz $41.61/oz
Measured, Indicated
and Inferred (1) 2,052,000 151,528,000
Min Potential (2) 3,793,838 277,499,807
Max Potential (3) 5,775,021 468,169,196
(1 + 2) 5,845,838 429,027,807 $9.738 Bil $17.852 Bil $27.59 Bil
(1 + 3) 7,827,021 619,697,196 $13.038 Bil $25.785 Bil $38.823 Bil
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