EGX=dead moneyThis company has not put out a positive news release since 2000.
Next earning report won't be out until May 2004, but the pumpers will lie and tell you it will be out this month.
McLucas has always been right so far and McLucas will be right again. Earning report won't be out until May 2004.
This company only 140,000 ounces of proven ecomical reserve. The rest of the gold reserve are not economical
at current gold price.
The average grade mined in the third quarter was 1.24 g/t compared to 1.31 g/t in the first quarter. Operating cost will
likely sky rocket as the grade continuing to decrease.