Replies to post #31563 on Value Microcaps Junior Miners

[checkmate28]

Picked off some cheap GORO today adding to my position.

I can see the day where GORO pays a 30% yield on the shares I buy today.
At that same time those shares could be up 10 times in value from todays price. Would only take $1900 gold/$28 silver

There are a lot of companies that could go up 10 times but you have to look very hard to find one with risk as low as GORO Gold Resources. They could survive $500 gold prices.


Chen Lin on GORO 2 days ago
CL: I'll name two. The first is Gold Resource Corp. (GORO:NYSE.MKT; GORO:OTCBB; GIH:FSE), which is a low-cost gold and silver producer in Oaxaca, Mexico. The company is doing quite well. It has no debt on its balance sheet and pays a monthly dividend.

TGR: Gold Resource devotes one-third of its cash flow to dividends. Should it continue to do so?

CL: If the gold price continues to drop, I would argue that management should cut the dividend and buy other assets instead because every other asset is a fire sale. The point is Gold Resource has financial flexibility, and that's a very good thing for a mining company right now. That's why I like it.