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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: siempre33 who wrote (52088)	11/4/2007 10:57:27 AM
From: loantech	Read Replies (1) \| Respond to of 78421

No 43-101 for GORO? Is that correct? Gold Resource Corporation Increases Ounces at Its El Aguila Project in Oaxaca, Mexico Gold Resource Corporation (GRC) (OTCBB: GORO), (FRANKFURT: GIH) announced results from an internal analysis of its drilling to date at its 100% owned El Aguila Project in Oaxaca, Mexico. Estimates of mineralized material equal 1,836,497 tonnes grading 2.57grams/t gold (Au), 188.24 grams/t silver (Ag), 1.08% Lead (Pb), 2.91% zinc (Zn), 0.26% copper (Cu). This equates to 773,355 gold equivalent (AuEq) ounces, as detailed below. This mineralized material does not meet the SEC definition of Proven and Probable Reserves but would be equivalent to an estimate of Inferred Resource in Canada. Gold Resource expects to commence production at its El Aguila Project mid-2008, subject to obtaining remaining permits and regulatory approvals, completing necessary financings and equipment deliveries. Gold Resource Corporation's president William W. Reid stated, "We are pleased to have more than doubled our April 11, 2007 mineralized material estimate of 290,500 gold equivalent ounces to 773,355 gold equivalent ounces. Equally, based on the fact that our drilling continues to confirm and expand this very robust, high-grade epithermal system, we feel the exploration potential at El Aguila is great and may soon increase our gold equivalent estimate to over 1 million ounces." >>>>>> But a resource none the less.

To: siempre33 who wrote (52088)	11/4/2007 11:08:16 AM
From: maxncompany	Read Replies (1) \| Respond to 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.