DB7 Re AUMN Golden Minerals. Yes Really looking forward to seeing Rodeo move forward. Should be straight forward high grade heap leach. Development $ are in the bank now. 28 mths of $800CC production should net them about $30Million. The cash it throws should move the share price while we wait.
I talked to CEO Warren Wren a few weeks ago, he sounds confident and ready to get to work.
Its the Velerdania project I have some questions on. Looks great on paper. I think the resource and mine life will increase when you factor in the higher price of metals. Its the metallurgy that is the question. Have to see if the Bio leach performs like the testing.
By that time hopefully Barrick is hitting home runs in Argentina.
I think its cheap at $63 Million in the bank esp with the cash they have. Without any current production they trade like a new developer.
Almost forgot the $5Million they get from Hecla for the lease of the mill. Almost guarantees no dilution as they can pay the bills while they develop.
Great story to have sit in the portfolio for a few months. Rodeo going to happen fast.
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