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: siempre33 who wrote (52088)	11/4/2007 11:08:16 AM
From: maxncompany	Read Replies (1) of 78421

comparable market caps, 2009 sees about the same 100K ozs. production for both companies. A few things I like about GORO: They have pledged not to issue any more shares beyond the 35 million fully diluted that they will have after their upcoming final financing of 4 or 5 million shares. Given their long documented history of being share issuance tightwads at US Gold, that is a believable statement. Future growth will be easily handled by cash flow. They will have a very sweet cash cost of $100/oz. They have 3 or 4 properties all within several kilometers of each other, allowing for future growth without expending large amounts of capex. 1/3 earnings will be given to shareholders as a cash dividend. Management owns 1/3 of the shares.......they will obviously care about the shareholder. Now having said that, while they look outstanding long term , I'm not sure their short term share price will move a lot (compared to sector average) until they are closer to mid-2008 production.

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