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Bobwins

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Bobwins

Re: Bobwins post# 32562

Saturday, 10/22/2016 2:46:30 PM

Saturday, October 22, 2016 2:46:30 PM

Post# of 35706
GSS +.0146 to .833 Golden Star has been rising for the past month. I think investors are anticipating better results from the upcoming Q3 report. May be too soon to see dramatic benefits from Wassa underground. They are still not at commercial production but are mixing the open pit with initial underground production. Grade will gradually increase as underground production improves.

Prestea underground set to begin in early 2017 with commercial production forecast for Q2 2017.

So far so good. If both underground operations can be brought online successfully, GSS is an undervalued 200K oz producer. Currently around $250MM market cap with a 160K/yr run rate, increasing to 200K+ in 2017 at higher grades and lower costs.

http://www.denvergoldforum.org/dgf16/company-webcast/GSS:US/

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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