Re: BigPic
in response to
by
posted on
Feb 26, 2008 12:10PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Hi Coach,
I think the only reason people attempt replies is to defend reputations gained from long years of posting and because we all have friends made and some still on Chithouse. It's also an attempt to try and help any new people who are looking for legitmate and honest information. In the past I have always found Stockhouse a good resource for information to add to my DD when analysing an investment opportunity and it's always been very visible who the most knowledgeable posters were but not anymore as Chithouse has become a den of thieves and vipers nest almost everywhere with most of the best names long gone and kids and psycho's using multiple aliases like it's normal behaviour when it's at least deviant behaviour, if not evil. Whenever you get to many ignores simply re-invent yourself so your slamming can get heard, the ECU board has a few of those, LOL!!
Given your knowledge of mining generally and specifically on ECU, I know many have asked you questions over the years and have been helped in their DD process as with me. Many bought in at very cheap prices and saw big gains much like the present opportunity facing ECU once again in my view. This $2 dollar area will pass and with silver/gold moving higher and ECU working hard to convert the potential one billion ounces to inferred and M&I the price will be many multiples higher in the future. The company will also be adding significantly to the one billion ounce potential as anyone who knows the project or has the ability to analyse would readily be able to see. Any capital required for future development is a realtive non-issue when pursuing this kind of deposit size and upside potential in a friendly environment like Mexico and readily available anytime but the dipsticks will cry, oh no, we can't dilute the stock to make hundreds of millions of dollars per year, oh no.
The new ramp will provide significant access to the lower levels of the mine and totally change the future development options whatever they are. The more resource ECU outlines the more options it has and to my way of thinking ECU has more options right now than most junior companies. Very soon in the ground silver will routinely be going for $5 per ounce, do the math on even 500 million ounces but don't ignore the one billion as in my view this will grow to 1.5 billion. I predicted a long time ago that ECU would have 1 billion once potential and was slandered constantly by those who simply have no clue, well my new target is 1.5 billion.
Now this will not happen tomorrow or even the day after so the small minded traders will still be trading but those long with large core postions should be able to sleep well knowing what is coming our way over the next 2 years. As always I look to the future and I don't mean next month.