Gold Resource Corp (GORO.OB)

Gold Resource Corporation (Gold Resource) is engaged in the exploration of gold and silver properties, primarily in Mexico. The Company has an interest in four properties, the El Aguila property, the Las Margaritas property, the El Rey property and the Solaga property. Gold Resource leases claims comprising the El Aguila property and the Las Margaritas property from an individual who serves as its consultant in Mexico and the Solaga property from an entity partially owned by its consultant in Mexico. The Company owns mining concessions for the El Rey property. All of these properties are in the exploration stage and have no probable reserves.

If they have no probable reserves, why did the price go up so high in the last two months? Was it because they had "gold" in their name? Like in the late 1990's when everything dot-com was expected to double. Even it they did find gold, local corruption would probably limit profits.

GORO is an interesting junior with HUGE upside potential. As long as production starts soon, this stock should grow by leaps and bounds while offering (hopefully) a very solid dividend. With the mill all but completed and training soon to begin, production should still be on track to start by year end meaning they may actually generate some cash flows soon.