Golden Minerals Ord Shs T.AUMN

Alternate Symbol(s): AUMN

Metals & Mining Industrial Metals & Minerals

Golden Minerals Company is a precious metals mining exploration company. The Company holds a 100% interest in the Rodeo property in Durango State, Mexico (the Rodeo Property), a 100% interest in the Velardena oxide processing plant and related water wells in the state of Durango, Mexico (the Velardena Properties) which are subject to a purchase agreement with a private Mexican entity, and a diversified portfolio of precious metals and other mineral exploration properties located primarily in or near historical precious metals producing regions of Mexico, Argentina and Nevada. The Velardena Properties, and the Yoquivo exploration property in Mexico, are the Company’s only material properties. 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).

TSX:AUMN - Post by User

Golden Minerals Ord Shs

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Comment by goldpigon Jan 19, 2010 12:19pm

451 Views

Post# 16695089

RE: Undervalued?

That valuation index is remarkable low , for what is rapidlt emerging as one of the richest silver deposits in the world.
The extra gold , lead zinc and copper credits add considerably to these ounces of silver.

The next 43-101 update is obviously going to be above 60 million oz , with ongoing drilling with excellent results so far , that should keep increasing the silver resources.

At $10 per oz , the ultimate valuation of AUM should move above $1 billion at some point over the next year.

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