Shares: http://www.goldresourcecorp.com/investor.php Some 23 mill and 2.7 mill options. Share price: US1.62
Projects: http://www.goldresourcecorp.com/overview.php GORO selects high graded Gold and Silver Projects in Mexico.
More info: http://news.goldseek.com/PeterSpina/1163510603.php
" Should the company proceed with production, Gold Resource Corp. will require around $20-$25 million in additional funding. Therefore a secondary offering will be needed, but with the share price rising to $2 or higher, the total effect on the share structure should not exceed the company’s targeted 35 million share maximum – an absolutely terrific share structure potential for a high-grade miner with among the lowest production costs in the industry!
The story gets even better when you learn about the targeted dividend. The company would like to reward shareholders with a targeted dividend of 1/3 distribution of cash flow. Although these are currently targets and hypotheticals, should they be achieved, shareholders could see nearly $0.50 per share in payouts at a $600 an ounce gold price!"
Subject to audit,
Gerry Holds GORO. Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
