RE:RE:RE:RE:Guess this would put EGX > $10 Billion in indicated metal?Spend a few minutes doing the math for the following:
10.5 milion oz gold
2.3 BILLION lbs copper
20 million oz silver
No matter how one low balls the numbers one quickly can see just how undervalued this is!
Matter of fact, individually the gold, copper or silver is worth more than our whole market cap!
Now, add them up. I see ZERO downside risk here and HUGE HUGE upside. Even in this depressed market with low valuations EGX is extremely undervalued. As gold moves up the "normal" valuations will return thus giving EGX and etra boost.
Ignore the manipulation.
I see gold going much higher and as it moves up it will make these huge low grade deposits more and more desirable.
Why complain? I see this as a gift and the longer it stays down the more we can accumulate!
SizzlinSteaks wrote: Completely agree. Average value for junior gold stocks is $19 per oz in the ground. With 10.5 million oz of gold this junior should be worth 90 cents TODAY based on its gold resource alone.
Add 2.3 billion lbs of copper and over 20 million oz of silver. Not sure how much additional value that adds but I'm sure its significant. Clearly EGX should be in the dollar range and not pennies.
There is no way this should have dropped today. Institutional manipulation is destroying the venture. Absolutely outrageous.