Welcome To The Golden Minerals HUB On AGORACOM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
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We expect to begin treating oxide material through the oxide mill in early to mid second quarter. A typical ramp-up period will be required and we anticipate that following the ramp-up period, the mill will initially operate at 200 to 250 tonnes per day for an annual throughput of approximately 60,000 to 75,000 tonnes. The oxide mineral resources, as disclosed in the Company's N.I. 43-101 Technical Report, contains 1,075,000 tonnes of measured and indicated resources grading 2.95 grams/tonne (g/t) of gold and 162 grams/tonne of silver. We intend to initially mine oxide material that will be at higher grades than the oxide mineral resource grade. We are also testing the viability of treating 7,000 tonnes of stockpiled pyrite/gold concentrate as additional feed for the oxide mill. In all cases, the Company has not completed an independent pre-feasibility study and we cannot offer any assurances that the operation of the oxide mill will be economically viable."
This is what i figure rough estimates but again everyone looks at their own variables prior to investing and these are mine, I do like this company and will be buying a few thousand shares.
400 tonnes per day x 2.95 grams per tonne = 1,180 Grams / 28.35 Grams per onze = 41 Onzes Gold per day = @ $700 an onze = $28,780
400 x 162= 64,800 Grams / 28.35 Grams = 2,285 Onzes Silver per day = @ $10 an Onze = $22,850
So it works out to be about $50 Grand a day, $350 Grand a week, $1.4 million a month not bad for a comapny that is just coming together in a just beginning bull market for gold and silver!!
Of course this doesn't take into account costs or loans, but the opportunity is here for sure.
I see this a great place to start my Gold and Silver investment.
GLTA & God Bless,
J_M_G_A
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