highlights of ELD presentation at Denver Gold Foru Highlights from Eldorado's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Eldorado Gold (EGO : NYSE, ELD : TSX | BUY, US$17.50)
• Emphasized low-cost production growth profile and quality of the asset base. 1.7 Moz by 2016 from 700,000 oz level in 2012.
• Pending exploration (and we would assume project) update in advance of separate investor and analyst tours to Greece/Turkey later this month.
• Potential permitting and construction decisions for Certej, Perama Hill and Tocantinzinho (expected by year end 2012).
• Reserve/resource expected in early 2013.
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.