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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Comment by BrendanCon May 15, 2015 9:59am
124 Views
Post# 23732282

RE:RE:RE:interesting piece on BMR, thoughts?

RE:RE:RE:interesting piece on BMR, thoughts?He's already lowered them to attract new interest. He is simply saying he wont further lower them... In a way, its a good thing. Change takes more time and further approval processess. Its done, put them into effect and lets get this show playing. IMHO, Correa is an a$$ and could have been more tactfull in his statement but I don't blame him. A company not having to pay royalties or tax on anything until they recoup what initial costs were involved in getting the project up and running is worth a lot. These guys can buy EGX, build a mine and not pay on anything until they get their money back out of the project. Great for EGX with a larger startup cost than high grade Au mines. Should be interesting....    EGX needs to get these mine optimization results out within the next week or so in order to meet the Q2 deadline thay planned for. Could we see a delay into Q3? Lets hope not!!  
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