Dr Air GORO You might want to add to your DD list. After a year of CAPEX spending from cash flow, while continuing to pay sector leading dividends, they have doubled their mine production capacity, rehabbed the mine and still have no debt. While they were in the penalty box 2012-2013, 2014 will see continuous increasing throughput as they open more stopes and possibly get a production decision on Switchback.
Sorry my formatting did not take.
GORO...DPM.V Comparison
GORO 1st number DPM.V 2nd number
Share price NOW..... 4.51 ... 4.71
EV .......................... 227M est... 740M est
Q1 2014 Net income. .13/shr ... .07/shr
Q114 Cash Cost net... $422 ... $573
Q1 AISC................... $816 ... $1048
QI Cash Flow............. $17.4 M ... $6M
Debt......................... $0 ... $115M
Cash........................ $20m ... $36m
Jurisdiction............... Mexico ..... More risk areas
At 1/3rd the EV, GORO provides incredible value NOW,especially if you believe they can keep or improve the numbers
As to the Ni43101 official resource. Dont worry, GORO has the gold. They never needed to drill to far out, as they never needed the big number to obtain financing. They only need to map out three years our or enough to feed the mill.
GORO should increase production steadily throughout the year as they continue to fill the mill production. I could see a rate of near 140- 150k by year end.
Checkmate28
