RE: RE: grabbed some more at the open, eomhoenstly hard to believe there isn't more attention given to this one. It seems tightly held, reasonably low shares outstanding, 2 VERY good properties, the JV property with SSO is spectacular grades and should be low cost to build. SSO can end up with 80% of it, but pretty much all their costs. EPZ will likely end up with only 20% of it but look at these grades, if they come up with more tonnage at even close to the same grades it only gets better.
SSO gets 80% by funding it fully to production, so i suspect this will happen after the Feasibility study comes out.
"On December 2, 2008 the company announced a Measured and Indicated Resource of 485,000 gold equivalent ounces contained in 484,000 tonnes averaging 22.3 gpt gold and 57.8 gpt silver."
That's 2/3 of an oz gold per ton and nearly 2 oz silver, so almost 700 dollar per ton ore. Huge money maker. It'd be pure cashflow for EPZ if SSO has to fully fund it to get 80%, and if they didn't take the 80% then EPZ simply owns more. The study for the Cerra property also looks good. 52k oz per year over 8 years, exploration potential still very good. Capital costs barely over 70 million. Cash costs just over 400 per oz.
Nosleep