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NASDAQ : GORO / Low operating costs and producing high returns on capital.

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Message: Re: NR and mill update

Jul 13, 2009 01:31PM

Conf call with good details...mill cost $29m and in budget,,,recent shares by Hochschild brings FD to 46M....and Hothschild to 24%...mgmt also 24%...with Totville at 15%.....mgmt ok with Hochschild to 40% if necessary....no fear of takover and with float limited and sp should jump.....permits submitted...no exact time when approved...but all steps taken....2nd pit being dev ahead of schedule to keep locals employed...a good citizen.

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