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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: EL Quevar Drill Results

Sep 12, 2019 07:28AM

The drill results are great - The already resource rich El Quevar Project has seen an upgrade.

A new Silver zone has been discovered, and the overall grades are great.

Besides that, I like yesterday’s news that AUMN has stepped out of the deal, as precious metal prices keep on climbing and are already nearly a lot higher (silver 3$) since the announcement of the deal. If silver gets to 50$ next year – quite a big chance of that happening if you ask me (look at the negative interest rate scenarios) – AUMN can well be valued again at over 1 billion. Stock price can be seen in the 20ies again in that case. 

 

And for the listing question: The 5 millions needed to stay in the exchange are already partly covered thanks to the Autlan pre-payment and the last financing. I am sure the Co will find a way to keep us listed until after mid 2021. If silver reaches 50$ next year, AUMN will be a billion+ company, so the listing will be a joke, as market cap will keep us listed all by itself. And maybe they can get into a joint venture with Hecla or some other mine to restart Velardena… Mexican labor has become cheap thanks to the exchange rate.

 

I wish all of us best of luck, and in my opinion, 1-2$ in AUMN are in the cards this year.

 

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Sep 12, 2019 09:26AM
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