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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: Where's Sharky?
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Mar 13, 2011 10:02PM

I do not know if our share price is due to short sales, the lack of drilling, our debt, or our lack of profitability while our mining and milling operations are fine tuned. In the end, the story of ECU is one of the world's largest gold and silver deposits and in mining friendly Mexico and close to infrastructure. The PM grades in our veins are also one of the highest in the industry. We have only scratched the surface of the massive sulphides and I believe we will prove up over one million ounces of silver equivalent in the next few years including close to 10 million ounces of gold. Also ECU had to issue alot of shares when Michel Roy took control of the company in order to correct legal issues while our share price dropped to as low as 1/2 cent per share. Considering Michel has increased the share price of ECU 200 fold since then, I think he has another 10 fold increase in him between upcoming drill results and higher metal prices.

If we do not partner or get bought out, we have the ability to raise money and build a larger operation. We do not need an 80,000 tpd operation which costs $1 billion to start up. We only need to build a 1500 than a 5000 tpd operation since we have rich veins and not a bulk open pit operation. The venture capital has returned. Two of the companies I own just did placements at top prices which were over prescribed and no warrents were issued. Sabina silver just raised $90 million and not for a mine but just for more exploration.

The mindset of only owning cash flow positive companies took over big time in 2008. That mindset is still ruling, but should change soon since capital is avalible to commodity companies again. Soon we will be priced based on potential again and not just on the small mining operation we wisely instigated inorder to avoid deals with the venture capital sharks that circled in 2008 thru 2010.

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