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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: company has really turned the corner
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May 10, 2010 10:20AM

It is nice to finally see the company firing on all cylinders and with $700,000 to $800,000 of extra cash (not including long term debt) the question now becomes what to do with it?

I'm not sure if I speak for other shareholders, but now that we have a steady stream of revenue to mitigate future financings, the biggest return on shareholder value in my opinion would be for a new drilling program that targets the massive sulphides and converts much of the inferred to M&I and potential to inferred.

The upcoming scoping study will likely indicate the feasibility for a much larger production operation so we will have to see how that gets financed.

Although the long term debt is not a big issue for me, I don't know how much if any of the extra cash would be left over to reduce our exposure.

Defenitely, a good problem to have.

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