could this gold miner be oversold?

There's enough gloom on this forum to trigger some buying from me.The shareprice has had to suffer an unprecedented amount of negative sentiment mainly from non- holders.

I believe this company would be worth more as an explorer.

The considerable gold endowment is what really interests me as a long term investor.
I have taken a calculated risk that operations are improving in all areas.At worst one could use the long ramp up as a trial mining excercise.I have kept some money back in case we need to upgrade & increase the efficiency of the gold plant.

Just for interest the average price paid for gold mining co. mergers in 2009 was $34 for resources.

AAM------1400000 resource oz's x $34=$47600000

Mkt cap $20,000000---tad undervalued you might say.

Also holding RSG-RRL-IGR-NAV-GDO-MSR

All in my opinion--please do your own research

Cham