Little summary of EcometalsGoldmarca (former ecometals):
After acquiring Rio Zarza the SP jumped to 6$(pre-reverse split). Without drilling permits! Aurelian hadn't a Ni43-101 Resource estimate of 13,7 Mio Ounces and was not taken over.Political situation was not clear. Gold 700$
Ecometals: Actuallyat 1$. With a professional management. Drilling permits in hand!Drilling starts in 1 week. Aurelian prove 13,7 mio ounces ofgold....and was bought by Kinross. Situation in Ecuador is clear. Gold1200$. I think it's all said and where this puppy will go. If we hitjust half of those aurelian grades we will expand our drilling programand kinross will make a bought deal private placement. In this case iexpect a takeover at the end of 2010.
Remeber Arequipa ? After only 13 holes (or 17? not sure)!!! they were taken over for big big money.
Bestcase scenario: 10-20$ at the end of 2010. Worst case scenario: i don'tsee much risk...Condor will be back on track with huge drill resultsanytime in 2010...and brazil IS cash flow.
It's a win/win situation at these price.
It's a win/win situation at these price. There isabsolutely no need for pumping ec if you did some dd. The whole worldof mining is and will be watching ec. I remember Doug Casey wrote muchabout Goldmarca in his international speculator(former ec, for thenewbies) a few years ago, but didn't want to give his "Strong buy"because they didn't have permits in hand. Now the situation changed andec is the most exciting junior on the venture.
Some of
Perma's DD, based on the technical report, which means it is based on facts and representy my opinion.
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I'm reposting this for anyone new to Ecometals.
I apologize in advance if some of the words are combined, the SH cut and paste feature is useless.
Anyone who owns this stock or is considering owning it should download the report and refer to it often, IMO.
https://www.pifinancialcorp.com/email/aru-apr23-07.pdf
Again,hereisa brief summary. Refer to pages 33 and 34 - The Kinross motherlodeisthe top end of a much larger ore body that split off to the westdueto faulting. Where is the feeder zone? I attended the EC AGM2yearsago in Toronto, and in speaking with Keith Hulley, he hadindicatedthat they had a close and working relationship withthen-Aurelianmanagement, and that they had a firm grasp of thegeological model -that there was concurrence with the PacificInternational Securitiesreport.
Refer topage37. Itindicates the outer boundaries ofthe Pull-Apart Basin, a hefty portionof which runs through theGML/Ecometals property. If you were to referto the most recentEcometals IP survey, the structure is clearlyreflected in the IP datatherefore lends credence to the workGoldmarca/Ecometals has done todate.
Check outpage38;Pacific ISI puts forth a hypothesis,based on all evidence gatheredto date, that links the FDN and ElTigre deposits via an East-WestFault Control. This corridor, based onall geological study to date,again runs right through the Ecometalsconcession.
Thehypothesis which I find most intriguing can befound on page 32,“PrimeTarget: West of the West Fault”. Evidencepoints to theprobability of a Down Dip FDN extension running to thewest at adepth of 450 meters;“By removing the dip-slip component andprojectingthe FDN deposit down-dip “West of the West Fault” to amineralizeddepth of 450m we provide a potential unfaulted picture ofa largeintact deposit –potentially twicethe size of FDN.”
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We'veseenthe explosive growth that Venatana has experienced. Theevidence of apotential prolific deposit lies on EC's property,indicated by thenoted geological study put forth by an independentcompany. Thecaliber of EC's management/board of directors, combinedwith the sharefloat, should give you some idea of where this companycan go.
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Perhaps some of you can give a little more input and facts so we can make a big summary and post it every few days for newbies...it is very important to give newbies a summary of facts, so that they don't get shaken out.