Gold Resource Corp (GORO)

[stock_peeker]

GORO's mill will not support 300,000 oz per year. See their last presentation on their website. I think they expect up to about 170,000 equivalent oz/yr by the third year.

Production startup usually has a few hiccups. Theirs is a complicated mill operation, as they will be going after gold, silver, copper, and zinc to get the high yield ("equivalent" gold ounces/tonne) that they have been predicting. When AGT didn't get the yield they were expecting, lot's of investors left in a hurry.

That said, the recent good prices of gold AND silver should help them make major money (hand over fist) from the get-go which will gain the attention of new investors. Hochshield and the REIDs and a couple of other big companies own a large percent of total shares, and they ain't sellin'. The Reids' efforts to keep the GORO "float" down is one reason they've had strong moves lately, and when investors do their DD on GORO, they see a proverbial gold mine in the making.

As for future price moves, I hope it just back up into the low sixes if they announce operational hiccups, so I can buy back a few shares I let go in the upper sixes.