Gold Resource Corp (GORO)

[Neverhadawinner]

I agree with you on the Dims but the article makes a lot of sense given we still do not have a trading symbol for Fortitude and the last news on GORO has been about expanding its gold reserves. However drilling results do not equate to proven reserves. There is a lot more to claiming proven reserves in the mining business.

Still cannot figure out why they split the company. Given the production news for 4th quarter, the combined "company" produced around 20,000 ounces of gold. That would have meant a Tier-1 junior miner rating for sure and a 5X sales stock price. That would equate to a $10 stock price for the "old" GORO (80,000 annual gold production times $1,800 divided by 72,000,000 shares times 5).

I bet the price of GORO and Fortitude do not equal $10.00 when Fortitude begins to trade.