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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

Comment by oldtimer42on May 17, 2022 7:52pm
189 Views
Post# 34690875

RE:RE:US$696 million plus interest at a rate of 6.6 percent p.a.

RE:RE:US$696 million plus interest at a rate of 6.6 percent p.a.You are accurate Tired. The 85 cents is $US so if we are lucky enough to get a $700 US million award, at 10% of the arbitration figure, it would work out to 85 US cents and would result in about $1.07 Canadian. Any interest would accrue from 2016 when the arbitration was filed...plus expenses. Using these calculations we could have an award of almost $1 billion. I would not hold my breath at that figure, we would be very lucky to get between $600-$700 million. 
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