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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: news on acquisition option & good drill results = NOT.

I still say not good at all:

From Kitco rock calculator the best hole is:

From To Width(m) AuPPM Ag PPM AgEQppm Pb% Zn%

SM-107 0.7 1.9 1.2 1.4 1403 1490 1.0 1.3
Approx. 0.048 oz. Ag, 10 lb. Pb & 13 lb. Zn = $24.34

SM-107 1.9 2.2 0.3 2.6 8096 8254 1.8 4.8
Approx. 0.276 oz. Ag, 18 lb. Pb & 48 lb. Zn = $72.90

While the 1.2 meter intercept is wide enough we would only get $24 dollars per ton. That might be enough to cover costs of extraction but not processing.

While the other part is only 30 cm wide and you need at the very least a passage of one meter in width to get at it. So the 73$ might not cover cost of extraction and processing together. Yes I do see that they are next to each other, or one and the same, so one passage for both intercepts.

BUT you still have to pay taxes and have sufficient left over for profit to make it worth while. None are economically feasable.

Sorry for not including this in the first post. To me recognition is automatic and I presumed that most of you here would recognize same just as quickly.

Ed.

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