GORO Several Near term Catalysts and Russel 2000 inclusion tomorrow!! I added a nice wack today after reading the 8-k filing yesterday for the annual meeting wrapping everything up. Looks to me like GORO is going to have a solid 12 months of progress ahead. 3-4 new sources of quality high grade ore, the recent increased capacity of the mill and the soon reopening of the agitated leech circuit. Everything moving forward organically. They haven't diluted since 2010 and have kept a divy going since they started production.
Alta Gracia, mine permit in hand waiting for blasting permit. I think its about 3-4mths out. Potential leech mill feed
Switchback The grades/thickness are large. Their going to pull large amounts of ore to bring the EL AGUILA mill near capacity. Forecasting EOY
Gold Mesa. Another round of drilling and they could make a decision. From the decision, they could develop a small pit in near 6mths for a small CAPEX paid by CF
RE Starting of the old heap leach circuit.
GORO will be included in the Russel 2000 plus one other index tomorrow. Probably a reason for recent volume and its going to draw volume and attention to these catalysts.
Working on final approvals for new power grid. If successful they will save $4 million/year for $3.5M CAPEX
Currently GORO is in the penalty due to decreasing production, decreasing grades due to development ore, and decreasing divy all allowing the shares to drift. On the surface for the numbers readers, things dont look so great. A deep look inside shows, they chose to work on catalysts for the future during a time that producing gold was the least beneficial. Already up a couple
On the outside, we could be thinking about a future run or JV with Canamex esp if things progress at Gold MESA
Checkmate28
