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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: hello all

Nice thought but I do not go for it.

Here is why:

Golden Tag (GOG) 2008Jan09



RESOURCE Ag oz. INDICATED INFERRED BOTH

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3,979,526 38,403,639 42,383,165

Value Ag@$15/oz. $59,692,890 $576,054,580 $63,574,747

No.of Shares 35,300,000

Value per share $1.69 $16.32 $18.01

Current share price $0.40



If it were just on Indicated than it is over priced by a factor of about 5 ( not likely). If it is both than it is underpriced by a factor of two. Am basing a real value on 5% of the in ground value i.e. 5% is $0.90 compared to share price of 0.40.

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