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Golden Minerals Ord Shs AUMN


Primary Symbol: T.AUMN

Golden Minerals Company is a precious metals mining exploration company. The Company is primarily focused on advancing its Yoquivo property in Mexico and, through partner-funded exploration, advancing its El Quevar silver property in Argentina. It is also focused on acquiring and advancing selected mining properties in Mexico, Nevada and Argentina. The Yoquivo Project is located 210 km west-southwest of the city of Chihuahua, in Ocampo Municipality, Chihuahua State. The Yoquivo Project consists of approximately seven mining concessions with an area totaling about 1,975 hectares (Ha). The El Quevar silver exploration project is located in the San Antonio de los Cobres municipality, Salta Province, in the altiplano region of northwestern Argentina. The El Quevar project is comprised of approximately 31 mining concessions that it holds directly or indirectly through its wholly owned subsidiaries. In total, the El Quevar project encompasses approximately 57,000 Ha.


TSX:AUMN - Post by User

Post by Silverichmanon Jan 29, 2021 5:20am
601 Views
Post# 32417833

1/4 of the float is shorted right now...

1/4 of the float is shorted right now...I have been an AUMN-shareholder since 2011, as my ECU-shares were taken over by Golden Minerals. By that time, AUMN was trading at around 27$ (USD), the market cap was at around 1.2 billion (USD). Of course we saw quite a lot of dilution since then (however, the company remained debt free), but of course there was also inflation in the last 10 years (massive money printing in the last months should be noticed). Nevertheless, the market cap of AUMN is at 100 Million $ (USD) right now, so if we think that silver could touch 50$ by mid 2021, I strongly guess that we will once again be at the old 2011 market cap. This would be a 12-bagger from now. But Gold is rising and should be higher by then, making it possible to see way higher prices. Then there is inflation, so the new market cap should be higher... a 15-20 bagger at 50$ silver would be a possibility, bringing us to about 12$ by mid 2021. This is a possible calculation. Now let's say that Barrick finds something noticeable at the JV property and add that "extra" to the share price... I think you all know where I am pointing towards...
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