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Wondering why the weakness.
Recent infill drilling at the west Yaxtché deposit, located on the 58,000 hectare El Quevar project, continues to intersect high grade silver with relatively wide intercepts.
Drill hole QVD-344 contained 11 meters of 467 grams per tonne silver, including two meters of 1,204 grams per tonne.
Drill hole QVD-348 contained 16 meters of 889 grams per tonne silver, including 11 meters of 1,160 grams per tonne.
Drill hole QVD-352 contained 26 meters of 535 grams per tonne silver, including three meters of 1,046 grams per tonne, and an additional six meter intercept of 1,151 grams per tonne
THIS IS THE RBY OF SILVER !!!!!
Recent infill drilling at the west Yaxtché deposit, located on the 58,000 hectare El Quevar project, continues to intersect high grade silver with relatively wide intercepts.
Drill hole QVD-344 contained 11 meters of 467 grams per tonne silver, including two meters of 1,204 grams per tonne.
Drill hole QVD-348 contained 16 meters of 889 grams per tonne silver, including 11 meters of 1,160 grams per tonne.
Drill hole QVD-352 contained 26 meters of 535 grams per tonne silver, including three meters of 1,046 grams per tonne, and an additional six meter intercept of 1,151 grams per tonne
THIS IS THE RBY OF SILVER !!!!!
Be patient + 20$ end 2012
Best play with AUMN (Silver)
AUMN (GOLDEN MINERALS) at the end of the article.....
http://www.sprott.com/Docs/InvestorsDigest/2011/november-18-2011.pdf
AUMN (GOLDEN MINERALS) at the end of the article.....
http://www.sprott.com/Docs/InvestorsDigest/2011/november-18-2011.pdf
AUMN STRONG !!!!!
The Gold Report Interview with Chris Thompson (11/21/11) "Kimber is a good example of a potential acquisition target. The Monterde deposit is primarily a gold-rich deposit that carries a substantial silver credit. This project would be attractive for a mid-tier silver or even gold producer looking to expand its production profile.
Kimber is a turnaround story. Recently the company has refocused its attention on repositioning itself by developing an open-pit underground opportunity at Monterde. Kimber is releasing some very interesting results from deep drilling at Monterde that suggest good grades at depth. Monterde offers exploration potential, underpinned by prefeasibility-stage economic analysis that calls for an open-pit underground mine that can deliver gold production at a low cash cost. It is an opportunity that also offers a lot of resource growth potential and, in that sense, is an attractive acquisition target. . .I think anything that plays into derisking the asset. . .would add a level of comfort and make the project more attractive for a potential acquirer. The timing of the resource estimate may be early 2012."
AUMN has now 38M shares (post ECU merger) x $6.25 = $255M
This is still a TINY share structure.
There are almost no miners with resource base this large that don't have 100+MM shares out there.
AUMN is on track for run rate of about 1.65M oz production at Velardenas in Q4 2012.
CEO says it will become cash flow positive end of Q2.
The PEA for Velardenas 2000 tpd expansion is due Q2 as well.
They conservatively are looking at about 4M oz silver, 80k oz gold, and significant zinc/lead annual output, and this will be a long life mine.
Also, look for update 43-101 updates on Velardenas, El Quevar, and Zacatecas THIS QUARTER.
AUMN already has huge resources, so things are only gonna get better.
Moving ozs from inferred to M&I is going to raise the valuation in a big way. All the other companies whose ozs are valued this cheaply are exploration companies far away from production, but AUMN is now PRODUCER.
This stock has been under relentless short attack this summer, but its OVER. I suspect the Wall Street guys are manuevering AUMN down so a "favored" big miner can swoop in for cheap takeover IMO.
Also, El Quevar is shaping up to be a world-class silver deposit and has room to get very very big. It's pure silver and above average grade.
They have a LOT of cash now, almost 1/3rd the share price is cash, and this is like picking up money off the floor. This is a great multiyear play on silver. BTW I am long.
Kimber intercepts 16.7 metres of 9.9 g/t gold equivalent
Today's trading volume is far above the average volume. There must be a lot of selling going on for end of year tax reasons, but there are also smart people happily buying these shares right at the bottom.
Once this supply of technical selling dries up, we should be shooting up towards $10 in no time.
Even with silver green, we're bleeding like pigs....(AUMN)
Even with silver green, we're bleeding like pigs....
Looks like one of AUMN's few institutional holders came in with a big 100k sell, which is not good news.
AUMN opportunity of a lifetime IMHO
Why ?
-85M$ Cash
-0$ Debt
-38M Float (Fully diluted)
-350 to 500M once of silver (Mexico + Argentina)
-Already producing (1.5M in 2012) in Mexico (In 2014 Will produce + 10M Once silver/year for less 5$/once cash cost)
-Same profile of AG (First Majestic) two years ago
-Projected Market cap in 2014 2 to 3B$ (now 240M$)
-Even If they need to sell another 20M shares, the float will still be under 60M shares.
-Price target 35 to 50$ in the next 24 month
AUMN opportunity of a lifetime IMHO
Why ?
-85M$ Cash
-0$ Debt
-38M Float (Fully diluted)
-350 to 500M once of silver (Mexico + Argentina)
-Already producing (1.5M in 2012) in Mexico (In 2014 Will produce + 10M Once silver/year for less 5$/once cash cost)
-Same profile of AG (First Majestic) two years ago
-Projected Market cap in 2014 2 to 3B$ (now 240M$)
-Even If they need to sell another 20M shares, the float will still be under 60M shares.
-Price target 35 to 50$ in the next 24 month
AUMN opportunity of a lifetime IMHO
Why ?
-85M$ Cash
-0$ Debt
-38M Float (Fully diluted)
-350 to 500M once of silver (Mexico + Argentina)
-Already producing (1.5M in 2012) in Mexico (In 2014 Will produce + 10M Once silver/year for less 5$/once cash cost)
-Same profile of AG (First Majestic) two years ago
-Projected Market cap in 2014 2 to 3B$ (now 240M$)
-Even If they need to sell another 20M shares, the float will still be under 60M shares.
-Price target 35 to 50$ in the next 24 month
AUMN has now 38M shares (post ECU merger) x $7.50 = $285M
This is still a TINY share structure.
There are almost no miners with resource base this large that don't have 100+MM shares out there.
AUMN is on track for run rate of about 1.65M oz production at Velardenas in Q4 2012.
CEO says it will become cash flow positive end of Q2.
The PEA for Velardenas 2000 tpd expansion is due Q2 as well.
They conservatively are looking at about 4M oz silver, 80k oz gold, and significant zinc/lead annual output, and this will be a long life mine.
Also, look for update 43-101 updates on Velardenas, El Quevar, and Zacatecas THIS QUARTER.
AUMN already has huge resources, so things are only gonna get better.
Moving ozs from inferred to M&I is going to raise the valuation in a big way. All the other companies whose ozs are valued this cheaply are exploration companies far away from production, but AUMN is now PRODUCER.
This stock has been under relentless short attack this summer, but its OVER. I suspect the Wall Street guys are manuevering AUMN down so a "favored" big miner can swoop in for cheap takeover IMO.
Also, El Quevar is shaping up to be a world-class silver deposit and has room to get very very big. It's pure silver and above average grade.
They have a LOT of cash now, almost 1/3rd the share price is cash, and this is like picking up money off the floor. This is a great multiyear play on silver. BTW I am long.
AUMN has now 38M shares (post ECU merger) x $7.50 = $285M
This is still a TINY share structure.
There are almost no miners with resource base this large that don't have 100+MM shares out there.
AUMN is on track for run rate of about 1.65M oz production at Velardenas in Q4 2012.
CEO says it will become cash flow positive end of Q2.
The PEA for Velardenas 2000 tpd expansion is due Q2 as well.
They conservatively are looking at about 4M oz silver, 80k oz gold, and significant zinc/lead annual output, and this will be a long life mine.
Also, look for update 43-101 updates on Velardenas, El Quevar, and Zacatecas THIS QUARTER.
AUMN already has huge resources, so things are only gonna get better.
Moving ozs from inferred to M&I is going to raise the valuation in a big way. All the other companies whose ozs are valued this cheaply are exploration companies far away from production, but AUMN is now PRODUCER.
This stock has been under relentless short attack this summer, but its OVER. I suspect the Wall Street guys are manuevering AUMN down so a "favored" big miner can swoop in for cheap takeover IMO.
Also, El Quevar is shaping up to be a world-class silver deposit and has room to get very very big. It's pure silver and above average grade.
They have a LOT of cash now, almost 1/3rd the share price is cash, and this is like picking up money off the floor. This is a great multiyear play on silver. BTW I am long.
AUMN bleeding without a pause....
http://www.goldenminerals.com/pdfs/Golden-Minerals-Corp-Presentation-November-2011.pdf
I bleed, you bleed, we bleed.....
500M silver ounce for 250M$....
Nice......
Oversold, but we could test the 2$ zone.
AUMN's 85 week simple moving average is $15.46. The 85 week moving average of the AUMN:SLV ratio is .55, which would put AUMN at $17.08 per share with a SLV price of $31.05.
Following are Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) for several Junior Producers:
AUMN - $0.66
GPL - $11.14
AXU - $8.59
FVI.to - $5.92
P.to - $1.00
RVM - $0.28
IPT.v - $11.16
The average for the 7 shares above is $5.53. If AUMN had a Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) equal to $5.53, its share price would be near $53.00.
They need to spread out the numbers for Mexico and Argentina !
No news from El Quevar for months now !!
Drilling spectacular holes without releasing new NI-43
Stop insulting me in private, why all this anger ?
Very sad story...
No juice, no strenght, no interest....
Can go to zero, loosing tons of money...
Call me stupid.....
Sad story......
Agnico-Eagle VP On Kimber Resources Board A First Step Toward Acquisition
http://seekingalpha.com/article/295004-agnico-eagle-vp-on-kimber-resources-board-a-first-step-toward-acquisition?source=yahoo
Hi Bill!
You know I have been holding ECU as a core position for many years. I bought more of the stock immediately after the merger announcement with Golden Minerals, and I have bought more Golden Minerals and warrants thereafter. Meanwhile the stock has continued to slide following the closing of the transaction. Perhaps some investors may assume there is some fundamental weakness lurking behind the scenes to account for this anemic market performance. I suppose this is always a risk that we face with any mining stock, but I doubt that the current market price is any reflection whatsoever on the true potential of this company. The sad part is that we could have stated the same thing several quarters ago, but the stock has continued itsdecline.
I have been in Northern Mexico all week on a mine tour so I was out of the loop until today, but I have reviewed the AUM quarterly report and all I can say is that I not in the least dismayed as a shareholder. This company is on the right track and I do think they will achieve success that will eventually be discounted into the share price. Take for example the guidance for Velardena in 2012, projecting 800,000 ounces of silver and 16,000 ounces of gold production. Combined with operational improvements on the front end, that production if achieved should generate some meaningful cash flow. Add in the current update, with 600m of new underground development, increased efficiency in the silver recovery from the processing plant, and sharply higher head grade in the mill throughput. These are significant developments that are happening very quickly since the merger was completed. I defy anyone to show me evidence of that in the share price however.
Consider that AUM has a cash position in the treasury of roughly $80 million.
Consider that the company plans to pay off a large debt overhang of
$15 million ahead of schedule.
Just on those two factors, the strong cash and the material improvement in the balance sheet, should warrant some excitement from shareholders. This is a company in the midst of a turnaround. The merger has so far progressed exactly as I had expected it would. The
company is much stronger on almost every front. They have two flagship projects on the go that would be the envy of any other junior. A big war chest has already been budgeted for further development to build value and perhaps shore up the bottom line next year. And market sentiment stinks! To me this is the ultimate value play.
It is never easy to hunker down in a foxhole and watch the value of a stock decline month after month, amidst an overall market environment that is skittish and uncertain. Risks are part of the story and there may indeed be something currently unknown that is dragging on this story. But I suspect the opposite is true in this case, and that the risk level for Golden Minerals is sharply lower now than when the stock traded at a double from the current price range. I think we have another month of chop to survive, and tax loss selling will rule the day until then. Perhaps the metals have a few nasty surprises to throw us as well. But I remain staunchly committed to this stock and still firmly believe we are going to see higher highs in the years ahead. I am encouraged by the progress that the company has
demonstrated in such a short time, and convinced that this will eventually make the story too attractive for it to remain on its assmuch longer.
Cheers!
MexicoMike
19.10 grams of Gold per Tonne over 20.48 Metres at Santoy GAP, Seabee Project
La Chine pense dépenser un demi-milliard de dollars par an pour développer les énergies nouvelles (nucléaire, éolienne, solaire et hydro-électrique). La Chine représente d’ailleurs actuellement plus de 50 % de l’industrie solaire. Or, si elle souhaite continuer à se développer sur ce marché, il lui faudra d’énormes quantités d’argent, un métal indispensable pour cette technologie. Et c’est la principale raison qui risque de pousser le prix de l’argent à atteindre des sommets.
4.4$ X 35M = 154M$
Midas Gold shares own by VGZ.
VGZ Market cap = 250M$
So you get all the rest for less 100M$.
This is a real value......
http://finance.yahoo.com/q/bc?s=MAX.TO&t=6m&l=on&z=l&q=l&c=