Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (14082)	6/21/2006 7:48:57 PM
From: loantech	Read Replies (1) of 78412

Marcos, I think it is good to look at both sides on a stock story. A lot of times I do not do so. I own a lot of GGC as a % of my PF and think a lot about their prospects and management so want to play the devils advocate. RE:GGC 1.Last couple drill programs produced little that I know about.Maybe they added to resource tonnage. 2.Pete has made a sojourn to Europe in March or so and no new buyers.On another sojourn now. 3.Accounting problem has passed but stock has not recovered to speak of since that news and it was not even GGC's fault. I don't think it was anyhow. 4.Earnings last quarter were okay but not that much better and maybe less and the AG equiv. grade may have slipped a teeney bit. Not sure on that. 5. Added a shift but said they were going to exploit a lower grade for the rest of the year. 6.At 340 per day tonnage still low and GGC slow to make decision to add new mill capacity. 7.Some decent exposure in Gold Newsletter, Northern Miner and Investors daily but only little apparent impact on price or volume if any. 8.Big seller at RBC and a bit of anonymous showing up on the sell side. Huge plus in my book is that with the gold and silver correction and the big seller GGC has held up quite well as a % of it's 52 week high against a lot of it's peers. I still own a lot of GGC and can sing many praises. They make money which is RARE. They have high grade ore. They have had good overall drilling and bringing new resources in for mill feed. Management is top notch and in my estimation very honest. That means a lot to me. Mr. Liller may do an awesome job. Look at Gammon. Historically GGC had some HUGE numbers from areas that they are just starting to explore.95% of land not explored. They make money at 7.50 silver and 425 gold or maybe even less. Maybe get up to six drills going. Very little dilution. "Gonna hit the big one!" <g> Anyhow just thinking out loud weighing GGC agains GPR which will maybe do 900-1200 tons/ day this year or shortly thereafter, SPM hitting high grade and 600 t per day or more coming up, IPT high grade and decent production schedule, EXN high grade and shipping ore direct I think?, AUN similar plan and much lower market cap.......... Tom

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