Huge Volume Todaybut the price did not rise significantly. Guess everyone is trading for the nice year end write-off. Although it has been said this is a day trading stock it would need to inc rease a lot before a lot of us are willing to take a large loss (like myself of 100,000@.20) to sell at this low price. I do believe the company will recover in the future, just wished I knew when. Here is hoping the new year will bring new and renewed interest and drive this stock into the right direction. They have everything setup to mine all they need is a place a little closer to manufature to make it more viable.
On Oct 29 #20 Gold Vein at Bonaparte Gold Project; 36 Foot 8x8-Cross-Cut Yields 200 Tons Grading Over 8g/t Gold that dipped on a 40 to 45 degree angle and they felt it would be better be best mined from lower mining levels. It returned an average grade of over 7.55 g/t or .22 oz/t gold. The company looks forward to revisiting the #20 vein in the future as the grade and quality is good.
On Nov 2 The company had winterized all aspects of the project that would allow continued operations throughout the coming winter months. .The camp trailers, first aid trailer, shop area, mine dry, mine office and storage area have been fully enclosed for winter use. The company anticipated intersecting the Eagle vein within the next week. Negotiations on the Handeni area of Tanzania gold project next to the Canaco Resources were on going.
Dec. 1, 2010 provided an update regarding the 2010 soil sampling program assessment of the Yukon gold property for gold potential. The majority of samples along the line have elevated gold levels though only one sample falls above the 98th percentile, with 23 ppb Au. The most interesting aspect of this 2 km x 1 km anomaly is its elevated molybdenum values; 3 are above the 98th percentile and a further 7 exceed the 90th out of a total of 23. The anomalies on the Yukon Gold property are not high anomalies the result of a White Gold type system the anomalies should not be ignored as the results for the area as Kinross is active in the area.
Dec. 10, 2010 travelled to Tanzania to visit prospective properties. A final decision is anticipated within the coming weeks. They were very encouraged with the prospects they had reviewed and were optimistic that a final deal could be consummated.
So in conclusion we have a lot of talk but little action at this point in time. With all that the company has started I am hoping they will have better and more positive results in the near future. I believe their next NR will yield better and a more positive position for EZ. This is my take on what I have read and stil hold long. GLTAL AND THE BEST IN THE NEAR FUTURE