Value Microcaps Junior Miners

[checkmate28]

huesos, Re GORO Thanks for the comments. I hear exactly what your saying. In my post, I said it will take a couple quarters for the positive production changes to weigh in, and I was waiting for HOC to help provide a buying, opp by selling another round. Id be a buyer.

Now with last nights news, Goro has a wildcard. Im now a believer in the new switchback discovery being economic and fast. Their pulling high grade cores with step outs from the current Aguila mine. Current 450m strike and depth. They could easily be producing from there in less than 12 months with little risk or extra CAPEX due to proximity.

If HOC sells, I smell a buying opp at worst, and soon a sharp snap up, on the shares. After being hammered by production blunders and the class action lawsuit, they've Doubled the mill capacity from CF while keeping a fair divy. Underground, they've been rehabbed the mine and increasing stopes to feed the increased mill capacity. POM is rising, and they must know good information on the new acquisition of the Canemex Resource interest. They spent $2 mill at a time when cash was low.

Right now were looking for the companys that haven't moved up the standard 50 - %100 but are set up to.
Right now GORO fits that bill and is priced as if they were still blundering their operations with $1100 gold.

I think the market likes the news tomorrow but Im waiting to see what HOC does. Thoughts on Switchback?
Checkmate28


http://finance.yahoo.com/news/gold-corporation-expands-switchback-discovery-233500554.html


The new “Switchback” discovery, located on the Company’s El Aguila Project approximately 500 meters northeast of the Company’s producing La Arista polymetallic (gold, silver, and base metals) underground mine (see maps). Step-out drilling continues to expand the high-grade mineralization, which is now explored 450 meters along strike by 450 at depth, containing significant gold, silver, copper, lead and zinc.

“We continue to drill this high priority target and are optimistic we may make a development decision for Switchback in the near term. Preliminary mine planning has begun with conceptual plans to access the Switchback mineralization from the producing underground Arista mine.”

Barry Devlin, Vice President of Exploration for Gold Resource Corporation commented, "The new gold, silver and base metals discovery at Switchback was the success story of our 2013 drilling program at the El Aguila Project. Since the first hole, we knew the Switchback zone had excellent potential because of its similarities to our Arista vein system where we are currently producing. Switchback is a 40 to 100 meter wide alteration zone containing numerous mineralized veins associated with rhyolite dikes and hosted in andesite, similar to what we see at Arista. Switchback is also open in all directions, which increases the potential for additional high-grade discoveries."