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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: Today's ECU metal grades

Today's ECU metal grades

posted on Aug 12, 2008 09:14PM

I am sorry guys but I just wrote a two page summary of today's ECU metal grades of the Terneras East intersections and it went poof. The jist of it was the 1st intersection has an Ag equiv of 60.58 ounces per tonne and the 2nd intersection has an Ag equiv of 25.00 ounces per tonne. My estimate at this time is that the Terneras East is at least 400 meters long by 900 meters deep. Using true widths of 1.33 meters for the 1st intersection and 0.785 meters for the 2nd intersection, I figure this ore will produce 1,142,100 tonnes at a profit of $385 per tonne. Using the anticipated 1500 tpd mill this will take slightly over 2 years to process and will produce a total profit of $440 million dollars using a 70% recovery rate and $50/tonne mine cost. Regards.

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