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Gold Resource Corp Message Board

  • keepshorting keepshorting Aug 16, 2011 6:53 PM Flag

    WHY DID WILLIAM REID DODGE THE QUESTION?

    "what percentage of your companys earnings come from gold?"

    WHY DID HE REFUSE TO ANSWER THIS? I KNOW WHY. THE MARKET DOESN'T KNOW WHY, NOT YET AT LEAST. WHEN IT DOES, IT WILL BE LIGHTS OUT FOR YOU LONGS. GOING TO BE ONE FOR THE RECORD BOOKS. YAHOO HOME PAGE IS GOING TO SHOW "CLASS ACTION LAWSUIT GORO" AS THE #1 SEARCH PHRASE BEFORE THIS IS OVER WITH.

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    • Keepshorting this information may help. I know you where not around in the early years but it was logical at the time. I hope this helps:

      Mr. Short I keep reading your arguement that the company's name is misleading and that the company produces more silver than gold and therefore should be Silver Resource Corporation rather than Gold Resource Corporation. That was not expected and just a plus for shareholders.

      Remember GORO is just getting started, you have to give them time to add additional mines. Just because they produce more silver than gold value presently and quote in AuEq oz doesn't mean they will not be producing more value in gold in the future.

      Keep in mine, El Rey, another property that will be adding ore soon (hopefully by years end) is mostly gold. Besides El Rey coming on, when the Reids first gave their estimates of Arista it was 6.5 gram and just over 500 grams silver was the estimate. At the time Au/Ag ratio was 65 to 1 and had been higher. At 1/65 422/500. Not that far from being about even. I know the new level 7 samples are a squewed towards silver (10g Au and 1500 Ag), but that is not a bad thing.

      El Rey:
      http://goldresourcecorp.com/project-er.p...

      Highlights of El Rey:
      •1.0 meter of 66.40 g/t gold, 86 g/t silver
      •9.0 meters of 19.37 g/t gold, 75 g/t silver

      There are better drill results (please go to the link and check it out for yourself), but you get the idea of more Gold than Silver. There is a lot more gold.


      Now add in El Rey and you can see why the company is called Gold Resources Corporation. I don't understand you grabing onto this as one of your negatives.

      Now please just let it go. That the company is leverage in both metals is a positive not a negative.

      I hope this helps to explain the name. There is no deception going on.

      Robert

 
GORO
6.05-0.04(-0.66%)Aug 19 4:00 PMEDT

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