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European Goldfields Limited T.EGU



TSX:EGU - Post by User

Comment by coruscateon Dec 19, 2011 8:49am
624 Views
Post# 19333991

RE: RE: RE: Eldorado Buyout

RE: RE: RE: Eldorado Buyout I agree with you. With a bit of guesswork for Piavitsa and the turkish joint ventures, for all of which finance was available, the market capitalisation per ounce of gold equivalent could be about $120 , whereas Eldorado, according to Goldminer, is $263 per ounce.Far from being at a premium EG has not fully recovered from the greek licensing collapse.Management,according to their statement does not seem confident in their own abilities, praising those of Eldorado.
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