THE APRIL 2015 EOM PRESS RELEASE
Folks,
Please go back and read the April 2015 EOM press release. I have been cautious as anyone however I believe the EOM cash position is not a gloom and doom scenerio. The Company completed a lot of technical studies going back to April so they are not starting from scratch. Further, an updated PEA is no way near as expensive or time consuming as an initial one. This work also has been done in part going back to April. I agree that any additional drilling, if any, would be of a small scale due to costs.
You need an updated PEA to even begin to market the company. Not sure how this is done without one. Further, the major shareholders, as I indicated in a past post, likely have set targets and have no reason to dish out a large financing if problems are encountered in the process.
See link to the April release and I see management following their plan. This will take some time but a PEA is a must for this company to be sold.
GLTA
https://ca.finance.yahoo.com/news/eco-oro-minerals-updates-progress-120000750.html
dk