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Gold Resource Corp Message Board

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  • whitesands_8 whitesands_8 Sep 27, 2011 10:52 AM Flag

    200,000 ounces a year for goro equals...

    I agree....don't forget that would also equal about $2/share dividends...BUT..IMHO I think gold is going much higher...But yes at today's prices GORO is very cheap...However, I think the current down trend will play out before it begins moving back up in strong fashion...I'm thinking there's a possibility of a brief dip to $12 to $13 share before it goes to make new highs...Nevertheless, when they start producing 200,000 ounces a year at current gold prices IMHO even the old high of $31 will be considered cheap so it may not be worth it to nickel and dime it when considering taking a position.

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