ECUADOR GOLD AND COPPER CORP V.EGX

NEWS Today

[ThunderStock]

 Highlight: - the ministry inform us that these new regulations are expected to be drafted sometime in Q4, 2014." - The new mining laws are expected to change the investment risk profile of the country, creating interest from larger mining companies looking for big assets. - We are currently talking to potential joint venture partners, and deep pocketed financiers to finance the development of Santa Barbara." - In total, the company's indicated and inferred gold resources in Ecuador increased 26% to 8 million gold ounces indicated; with 2.6 million gold inferred ounces at a cost of discovery of $2 per ounce. This type of resource puts it in the world's top 10% of low discovery cost gold resources. - The economics of the Santa Barbara deposit will look ever better in this new taxation world. With a current valuation of less than $2 per indicated ounce-in-the ground, the stock has a lot of room to run. - "We anticipate that the PEA will be completed by November, 2014," stated Laing. - EGX retains a 30% interest in the 300 tonne-per-day gold project while Guangshou funds the construction of the narrow vein, high grade deposit. - "The Guangshou Group is advancing the Chinapintza project along into mine production," stated Laing, "and they are actively constructing and developing the operation. I expect extraction to begin in Q2, 2015." 

 

[ThunderStock]

Now we all know that the PEA will be published in Novembre after the new mining law. Until then, the SP will raise slowly to $0.14. It's your last chance now to take some shares at that price. You snooze you loose!