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Golden Minerals Company Message Board

  • usnationdebt usnationdebt Mar 15, 2012 12:35 PM Flag

    Concerning the resource estimates..

    1. El Quevar will probably add some 10- 15 million ounces towards 70-75 million total, but more importantly increase the indicated 9 million ounces towards 20+ million in indicated resources, which are much higher valued in the market place.

    Thought on El Quevar resource estimate?

    Velardena should probably also move resources towards indicated but perhaps not increase the overall resource estimate, since few exploration drilling has been done since late 2009, when the last N-43-101 was done.

    We currently have 3,8 million tonnes in indicated, giving 14 million ounces silver and 320,000 ounces gold, I think that should dubble.

    And the inferred stays more or less the same.

    Any thoughts on the 2 projects or estimates, interesting where the market expectation is?

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