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Lone Clone

01/29/13 8:10 PM

#29691 RE: coinmaker #29689

Given that GORO management has already dropped their 2013 production forecast from 150k oz AuEq to 80-100k oz AuEq, and that that much production wouldn't come close to generating enough cash to pay the current dividend and keep enough working capital to run the mine and pay for their fancy offices in Denver, I just don't see how they can maintain the dividend at current levels. And given their record to failing to meet production targets, it seems reasonable to think they might not even make the revised target for 2013.

LC