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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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Re: A question for New calculated risk.

posted on Nov 22, 2009 05:08PM

Feasible is defined as "capable of being done or carried out" and "capable of being used or dealt with successfully." It seems to me that ECU is far advanced beyond the need for a feasibility study since it is in production and on the verge of generating a profit from the Mexican property. Management's time and expertise are being much more productively used, on behalf of shareholders, when they are concentrated on increasing production and exploring to increase proven reserves. ECU is in an exciting stage of its growth in that its business day is one continuing feasibility study. "How much have we increased reserves today?", "What facilities are we going to need to mine and process them?" The common understanding of a "feasibility study" is that you are dealing with a lot of unknowns in an attempt to reach the best plan despite those unknowns. There are very few, if any, unknowns in ECU's present operation and the company is in the happy position of being able, as the future unfolds, to determine certainties before deciding to invest significant additional money in its operations.

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