AUMN Golden Minerals Large volume 1.4m, and price spike up 32%.
For $30 million market cap, you get:
est $16Mill in cash
130 million oz 43-101 AgEq resource split about equally between both projects below.
Velardeña in Mex, 100% owned, 2 mines, 2 processing facilities. Currently shut down in June due to low silver metal prices. Company line is they are re engineering the mine and taking the opportunity to get rid of the lazy inherited union workers. Will reopen much more efficient when metals rise.
El Quevar in Argentina, 100% owned, pure silver exploration, 55,000-hectare land open east and west.
They have the cash to weather the storm. If AUMN shores up operations during the shutdown and reopens with better efficiency, higher POS, better employees and conserves enough cash, this could be one of the better come back stories.
Not advocating buying this, Im trying to keep tract of companies trading at or below cash and just sharing my recent notes.
Checkmate28
