Thanks......for all the postings from Oldtimer, notafinger and others from the old guard!
There is little what I can add to these postings. But here are my little ten cents about it:
The tribunal decision and the Colombian ANM
formalization of the "Minesa subcontract calimineros treaty" went nearly synchron on the timeline.
Within the next weeks Minesa (the Arabs) should give now some signs, whether they are interested in EOM or not. They might be the white knight: both for EOM and for Colombia in this case. With some (ehem, ehem...) big advantages for themselves to get formal ownership of the Eco Oro`s old rights.
If the calimineros receive the official permits for mining, why should Minesa not receive same rights ! Colombia will never find some one with deeper pockets to make a super clean gold mining there.
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...Angostura contains an NI 43-101 Measured and Indicated mineral resource of 2.21 million ounces of gold at 4.57 gpt and an additional NI 43-101 Inferred Resource of 1.03 million ounces of gold at 4.70 gpt using a cut-off grade of 2.5 gpt gold...
And then there are also the "ADJACENT PROPERTIES"... of good old Greystar (not counted in the Angustora technical report.)
If we assume a net cash flow of 600 USD per oz for Minesa, we are thinking about a value of roughly 3 million ounces times 600 = 1.8 billion USD... (silver not counted)
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PS: The price of gold is now roughly 400 - 500 USD higher than at the time of the above quoted technical report. Thus the cut off grade might be now lower than 2.5 gpt. Meaning the reseerves / resources are now even higher than the above stated numbers...