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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: Discussion question?
1
Oct 29, 2010 10:00PM

With manias it is hard to say how unrealistic values could get. I think at a market cap of 30% of in ground metal that anything higher would be unrealistic. The market thinks ECU has 430 million ounces silver equiv. I think we will eventially have over a billion ounces. At a billion ounces, $25 silver, and 30% valuation, our market cap would be $7.5 billion. At our current number of shares this would give us a price of $24. My thinking would be to layer in sales at 1/3 each at 10%, 20%, and 30% of market cap. This would give an average sale price of $16 a share and would be able to buy 0.64 oz of physical silver per ECU share held.


Oct 29, 2010 11:32PM
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Oct 30, 2010 05:42AM
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Oct 30, 2010 05:54AM
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