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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 wiseyoungmanon Apr 04, 2014 9:17pm
340 Views
Post# 22414881

RE:Now We Wait!

RE:Now We Wait!
Nice post. My only comment is that for an underground mine, the property is open at depth. It may be possible to start at a lower level and prove up more resources in the high grade veins. I absolutely think an open pit is completely off the table since that would start environmental action and be a negative. I believe EOM will be given just eneogh room to make this project viable and perhaps do some more drilling to add to the resource at depth. That would prevent any legal issues with EOM. Yes the government has been slow however all parties have had to navigate politically through a firestorm with environmentals, FARC, ect.     

Bottom line is there is a lot we do not know other than there has been a lot of games being played in this area. I am long and plan to stay that way. My average cost in EOM, CBJ and GWY is about double from todays prices. However I think there will be at least one winner out these companies in the mid term. I have the least faith in CBJ which was a company which certainly knows how to burn through cash. RB cannot be happy. 
GLTA
Bullboard Posts