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Actually, despite its name, GORO derives most of

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a1derfullife   Tuesday, 04/16/13 05:26:29 PM
Re: silver100 post# 30164
Post # of 35084 
Actually, despite its name, GORO derives most of its revenue from silver.
The recent drop in silver and gold prices will have a material negative impact on this one. Unless silver and gold prices recover quickly, GORO will have to cut its dividend in the near term (perhaps to zero).
Also, the lack of a feasibility study, which requires substantial drilling to prove up reserves, means there's low visibility into what production will be both in the near and long term. Still think there's more downside than upside on this one.

A1

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