Gold Resource Corp (GORO)

[lootie]

I have done simple arithmetic that I think fair.
We will produce 80% of the planned 70,000 gold ounces,soon,I assume.
That comes to about 56,0000 gold ounces.Value say $50,000,000.
M/C $462 million.I think a PE ratio of 20 will occur ,possible this year,but I use a PE ration of 14.
14 times 50 million,some $700 million/462 comes to about $15 a share.
Yes,buts and variables I admit but I think generally,$15 a share a fair,medium term target.A year out,I expect over $20 a share.
Then again,$20 has been a target I have had in mind,since early 2006.
I add,just quietly,as GORO has meet all reserve targets so far,when we hit 3.5 million gold ounce equivalents,with some 70% of that precious metals,the production targets will be uprated.
The Reids have consistently suggested a 7-8 mine year life.Hence,I see a production target over 200,000 a few years out,with a SP adjustment in accord,as events occur.
I have bought ahead of events with this stock and to date,it has done me good.I personally expect a similar price appreciation,over again,in the next 5 years.

Of course,economic,lies,govts, trends,fear gold's value-all will impact.Mind you I need to ad,more drilling could bring a lot of excitement too. I trust gold and silver-I do not trust most economists,govts,Keynesian looniness or paper money.