Replies to post #21247 on Value Microcaps Junior Miners

[kipp440]

cl001 - AUMN Adam Graf?

cl001,

First I want to thank you for finding AUMN! I bought a ton on November 21st of last year. I sold some on the initial run up to the mid teens and held about 60% and road those shares through the dissapointing IPO......Thank Goodness!

Anyway, do you have a link to the report by Adam Graf. I tried to Google for it but came up empty. I am very interested in the remaining properties.

This could be a zip code changer for me!

Thanks Again,

Kipp

[elijahofmalone]

AUMN,

What a day for this little gem. I wanted to second CL's opinion on this one; today's run is just the beginning. I just read through the report and I must say that Adam Graf seems a little optimistic about the dates for production for all these mines. I'm not sure about possible dates for all their other projects, but I'll be pleasantly surprised if production at El Quevar begins in late 2011. Middle of 2012 seems like a much safer estimate and that's what I'm projecting.

However, I want to point everyone to two pages of their report, page 20 and page 23. On page 20 you see the extreme sensitivity the price of silver makes to the expected share price of Golden Minerals. If silver is at 25 dollars, and gold is 1300 they estimate the shares to be worth 120.00, at 30 dollar silver, they estimate the shares to be work 156.00. So every dollar move in silver is an increase of just over 7 dollars a share in their opinion. That's astounding. 100 dollar swings in gold only alter the price by 2.25 dollars a share.

Secondly, as you mention, CL, the low float is the key. I knew shares outstanding were just over 9 million and I knew there were some large stakeholders, but according to their report 91% of the float is accounted for by insiders and institutional owners. That means less than 900,000 shares are out there for individual investors. So we could see continued drastic increases of price with low shares traded.

Ryan K