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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: Re: From latest ECU MD & A
7
May 16, 2009 05:51AM

May 16, 2009 07:34AM

Nothing needs doing except making money Hobbers and getting back to exploration. The rules are the rules even when they make absolutely no sense. Of course, ECU will have an economic study completed before the next stage of development which is coming quickly based on the stated phased expansion plans of the company and this will immediately move some resource into reserve that should allow the company to provide forecasts.

My understanding is all operation at the mill are going very well and it's good to see the company state they will not only scale into higher grade ore as planned but increase feed tpd at the same time, even more money will flow and straight to the bottom line. The time to assess monthly cash flow will be in the first full quarter running the regular planned higher grade matertial as opposed to the present development muck. Then we assess the performance from increased tpd. Based on results to date, I'm confident of $18-$25 million per year depending on gold/silver prices.



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