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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canada-based precious metals exploration and mining development company. The Company was focused on advancing its principal asset, the Angostura Underground project. Its Angostura project is located in northeastern Colombia. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim has now become the core focus of the Company.


CSE:EOM - Post by User

Bullboard Posts
Comment by Socky19on Dec 06, 2013 3:41pm
315 Views
Post# 21980458

RE:EOM, GLW and CBJ

RE:EOM, GLW and CBJ

Last year, my answer to your question would be that Batista would swallow up all of them and be the major gold producer. I cannot see how Batista is a player any more. He is damaged goods at this point and I can't see why anyone would give him money at this point. So that leaves us with the Canadians and the Saudis with the Canadians taking CBJ and GLW and the Saudis with AUX and EOM.

Assuming a positive outcome w/ the government (and that's the big if, we've all been so wrong with this in the past, remember when Greystar was at $5 and then it was determined that they were in the paramo and it's going down since), I'm thinking EOM goes out for $2.25 a share, which is low ($100 an oz), but in this environment I think is realistic (lower grade/harder to mine etc.)

GLW will establish a 1M oz deposit and because it is higher grade and easier to mine, they will get $200 an oz which equates to $1.20 a share. Not really on top of CBJ, but I bet it's a little lower than GLW. 

This all plays out by next fall (Sept).  That's my guess (trying to be realistic, obviously hoping for a lot more).
Bullboard Posts