GORO Over $6 today. All last year I called 2018 the year for GORO. Thats going to be dead nuts on. Looks great Technically and fundamentally.
Getting the final Environmental permit to allow for the start of mining in Nevada was the cork off the bottle. The company is ready to progress on several fronts simultaneously.
The Nevada operation Isabelle Pearl is well on its way, crushers on site. They should be loading the pits in 10 to 12 months. There expecting Isabelle to double company wide gold production and increase revenues by 70% . Nearly 2 gpt grades open pit is very high grade.
GORO earned .10/share 1st quarter allowing for a very good chance they can finish paying for the Nevada CAPEX from cash flow and the $29M growing bank balance. If not, they have an ATM line of credit ready to go.
Additional to this they are running on 8 cylinders on their Mexico properties with lots of optionality that they did not have in the past. Currently, due to pricing, they are hitting the Base metals, hard down deep. mostly zinc but can flip to gold up higher in the mine should the POG increase. The Arista mine carried the whole company until today where the Switchback and Alta Gracia properties are kicking in. Better yet, the Arista mine is growing with several years left.
Some here complain about mgt but GORO still has only 57Million shares out, pays cash for everything they do or purchase while still making money and paying a dividend.
I heard Schwab currently is rating GORO an A
I think GORO will be at $8 shortly and move up from there as they near production at Isabelle Pearl.
Checkmate28
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