ECUADOR GOLD AND COPPER CORP V.EGX

EGX worth a fortune and ceo Mr laing knows it

[testfreak]

So lets do some quick math 10 million oucnes x $1000 ounce low
16billion ouces copper x $3
silver 20 million x $19
who has a big enough calculator to add that up?

[TheMerlion]

Although this stock looks positive your valuations are a long way off. You have completely ignored future CapEx which is needed for production, your resource numbers are greatly increased from the current NI 43-101 which include both indicated and inferred but not P&P (do you know the difference?) and if you want to make valuations you should start with 'in groud' ranges.

[testfreak]

. as stated below is current, plus 3000m drilling (that should almost be done) and yes i understand cap ex, i was showing their resouce count as per below,  and i will bet between indicated and inferred its 10 million plus once they show the drilling update   　 43-101 indicated resource of 6.4 million oz gold and inferred resource of 2.1 million oz gold •43-101 indicated resource of

[TheMerlion]

Testfreak, the numbers which you quoted above are greatly over and above the current NI43-101 which I pointed out. I never asked if you understood CapEx. I asked of you understood the difference between indicated, inferred and proven & probable with the latter being something EGX does not currently have. As I said, you have greatly increased the current NI43-101, totally ignored any future

[testfreak]

the numbers are not way out , with next ni-43 update there will be 10 million ounces between indic and infer, right now its 8 million between the 2. plus 500,000lbs copper inferred is16 billion ounces, but yes infer doesnt mean its exact amount could be more or less. anyone knows that.  fact is egx is cashed up, drilling as we speak, updating ni-43 and feasbility study be out in

[ShipitIndustries]

This post has been removed in accordance with Community Policy

[ShipitIndustries]

This post has been removed in accordance with Community Policy

[TheMerlion]

Testfreak, it is very obvious by your replies that you are clueless. For amusement value only lets do some numbers based on your way out figures: Gold - 10,000,000oz x $1,000 = $10,000,000,000 Copper - 16,000,000,000oz x $3 = $48,000,000,000 Silver - 20,000,000oz x $19 = $380,000,000 So by your estimates right here we have a $58.38BILLION company. Since you are using silly numbers lets give a

[testfreak]

Yes u are right on pea not a fs. Thst was my  mistake been long day.  U seem to know everything. What is egx worth according to "your" calculations. 

[cocaine]

Test I wouldn't argue with him. U we're arguin with a guy at 0.05 about egx about how it would be .50 and bought out. He said it wouldn't see dbl digits and how it wasent goinh no where etc.  Now were almost 3x that price at.14 Thank u btw.  I agree this is a gem and will continue up. Egx has goods in ground not just gold silver copper. This is very undervalued. And starting

[TheMerlion]

I thought you were on your way testfreak, all the way to the Dominican Republic. Anyway, I know I'm right regarding the PEA and I also know I'm right regarding your silly numbers. My calculations? I'm not in the habit of spoon feeding others but I will tell you that my numbers are not even 1% of your $58.38BILLION company when taking all into consideration. Your silly numbers are

[testfreak]

Don't try to question what I do hero. I'm actually sitting in airport bored. So ya I am gone today. Only reason I'm responding to u on Xmas eve. Anyways I say egx .50 early 2014. Let's see if I'm right yet again. Nfk gco egx all massive picks on almost bottom by me. Egx be biggest winner. Tcf. I was lied to and am down there. Can't win them all though. Egx .50 may-June or

[arielpls]

This will be a great year for EGX and NFK. I'm loaded both of them. In Q1, both stocks will grow up. Be patient to all...