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Re: Edge83 post# 33302

Wednesday, 04/19/2017 12:15:15 PM

Wednesday, April 19, 2017 12:15:15 PM

Post# of 35776
Re GORO MC is extremely low. No red flags that I know of. Sometimes move a little slow without outside financing, but better than dilution and reverse splits like your reading on the other companies. LC here should have some negatives, but Ill put my money on GORO shining bright in 2018 and a slow bleed up this year as smart money investors take their positions. The boring company rebuild is keeping away the excitement this past couple years, but their near about to cash it in, for increased production and decreased costs in a big way.

One thing I forgot to mention is the building out of the power lines. I think its supposed to save $6M/year in costs when its done. Thats .10/share in earnings. The scoop is they have all the property they need except for 2 hold outs and they developed a plan to go around those 2 areas and through the city area. Now thats a ways off but still a catalyst. These shares traded at $31 at one point from the Arista mine alone. If the $6 M power savings is wrong I'll come back and let you know.

Checkmate28
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