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Gold Resource Corp Message Board

  • tthemainman38 tthemainman38 Oct 2, 2013 3:55 PM Flag

    Looking For An Answer

    Could an informed poster explain why this company is spending a considerable amount of money to increase their mill capacity to 1500 tpd if in fact they don't have the mineral resources to utilize the increased capacity?

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    • GORO resource is a thing of mystery, i.e. it has never been defined with necessary accuracy. Regarding throughput increase, remember following point, sometimes transpiring in this exotic sector, sometimes companies try to increase volume to compensate for falling grades.

      It can be also noted that decision to increase the throughput was made before critical drop in metal prices; i.e. economic validity of that decision was made based on numbers differing from present situation.

      Please, be assured that I don’t have any particular interest in GORO and didn’t analyze specific production situation here.

      • 1 Reply to warmcamp
      • warmcamp- Thank you for the response. Just starting to look at this company. Can you tell me why this company is still expensing capex like an exploration company when it has been producing product and profit for several years? It appears that expensing the build out is a big part of the absence of profit at the present time. If this is true the picture should become much brighter within a few months since the build out is scheduled to be completed by years end.

    • Obviously they do have the mineral resources to justify the increased capacity.

      Sentiment: Strong Buy

    • "" Could an informed poster explain why this company is spending a considerable amount of money to increase their mill capacity to 1500 tpd if in fact they don't have the mineral resources to utilize the increased capacity? ""

      To dupe people into buying the stock. They don't care if they waste shareholder money - just like the millions they spent buying back their stock at the $20 range.

 
GORO
3.400.00(0.00%)Jan 29 4:00 PMEST

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