This quarterly update makes very clear what the path is going forward and solidifies previous guidance. They gave us bit a glimpse of the recent exploration success on numerous fronts and this means that we have numerous more detailed news releases to come in the next couple months from exploration results plus news on at least 2 updated resource reports and I would expect this followed by more detailed updates on operational success of the mills and PEA report for the news 2000 tpd mill. Lots to look forward to over the next couple quarters.

The cash position of the company is exactly as I expected and I expect that cashflow from the mills will exceed expectations in 2012 as they have intentionally under-estimated forecasts, a good plan. The share price is still a major mystery to me but from my perspective Golden has a serious shot at being one of the top 3 or 4 silver producers over the next 5 or 6 years plus build one of the largest resource inventories of silver eq. and this is why I am mega-long and intend to stay this way.