Golden Minerals Company (TSX:AUM)

[basserdan]

A couple of excellent, timely AUMN related posts found on the Golden Minerals board @ Agoracom.com.


coming 43-101 reports

posted by gwr1
on Mar 16, 12 07:07PM

I just want to make clear to everyone that I expect significant increases in the Velardena resource in both inferred and M&I, a good increase in the El Quevar resource included both inferred and M&I and lastly a good increase in the San Diego resource later in April.

I know this story already has a large resource that is grossly undervalued versus our peers in all 3 of the above mentioned properties and I don't know if more will matter to this market but we will get more, lots more shortly and it matters big time to me and anyone who has any mining background or knowledge or understand what future value is based on or fundamentals. This doesn't mean it matters squat to HFT types or algorithyms or tehcnical investors andf their brain dead computer programs.

My interpretation is mostly my own, maybe, so take it for what it's worth. BTW, our President was very forceful in his recent speech at the BMO conference in Florida on how confident he is in the existing ECU inferred resource as I always maintained based on my knowledge of how it was calculated and criteria used versus peers, he also spoke very highly of how many additional holes El Quevar had versus the last resource estimate. His emphasis was really clearly communicated on the importance of increasing production and his confidence in his forecast. if I was a betting man I would surely expect an outperformance in production based on his confidence.

This story is the most undervalued of any I know on the board in emerging precious metals producers and this is about to soon change in my view and with a resource larger than most companies in our space. The stock valuation should be multiples higher right now and I expect we will see this in the next year or two with a good re-valuation higher coming shortly.

~~~~~~~~~~~~~~~

Re: coming 43-101 reports
in response to coming 43-101 reports by gwr1

posted by sketch
on Mar 18, 12 04:44PM

Hi gwr, I have been increasing my position over the past few weeks, partially due to the same expectations that you have emphatically stated.

Although I will be pleased to see an increase of the resource at Valerdena, especially in the M&I category, I will be most impressed if/when the company can continue to meet and hopefully exceed their forecast targets. This was something that the previous management had difficulty with, mainly due to the lack of available resources.

In early January, the company released news they had exceeded gold and silver production for Q4 by 30% and 114%, respectively. Subsequently, the share price almost doubled in value over the next few weeks.

The actual production values for Q4 were equal to the forecast values for Q1 of 2012, so we should easily exceed those forecast numbers for this current quarter, the question is by how much?

If the company can continue to exceed their targets, the rest should take care of itself. They have forecasted the following short term targets:

1.Updated NI 43-101 resource updates for Valerdenda and El Quevar by end of Q1
2.Production forecast for Q1 is 1,300 oz Au and 90,000 oz Ag and excluding base minerals
3.Valerdena to be operationally cash flow positive by mid-year 2012

The end of Q1 is only two weeks away!

http://agoracom.com