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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: Back from the Emirates... what a few days eh?

Good post Mrsoul. It is very interesting hearing about financial dealings in other influential parts of the world. Re your near closing sentance:

The fundamentals are simply there. It's as easy as the POS times the resource under the ground.

I am on uncertain ground here, but I don't think that the above equation is quite accurate, or complete.

POS x the resource under the ground = what? or

POS equiv in ground x the resource under the ground / no. of O/S shares= what? (share value?)

For those that know better than I, how is the value of the resources in the ground estimated? Right now for ECU I believe it is something like $0.33 per silver equiv on ground. Who judges the value of the inground resource, and what basis do they use?

Thanks.

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