Golden Minerals Company (AUMN)

[Picassa]

AUMN's 85 week simple moving average is $15.46. The 85 week moving average of the AUMN:SLV ratio is .55, which would put AUMN at $17.08 per share with a SLV price of $31.05.

Following are Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) for several Junior Producers:

AUMN - $0.66

GPL - $11.14

AXU - $8.59

FVI.to - $5.92

P.to - $1.00

RVM - $0.28

IPT.v - $11.16

The average for the 7 shares above is $5.53. If AUMN had a Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) equal to $5.53, its share price would be near $53.00.