RE:EGX Global view of ressources I looked Roxgold (ROG) resources which is trading at $ 0.63 = 1 million ounces of gold in Burkina Faso. 1 single project operating with only a little more than one million ounces. And no other project in sight, but 2 other property in Burkina on which they are currently a feasibility study to be released Q2 2014.
Total resources: $ 1.3 billion, and only gold, nothing else.
Source:
https://www.roxgold.com/i/pdf/factsheet/ROG-Fact-Sheet-January-2014.pdf And now EGX:
GOLD : Santa Barbara : $ 5.629 billions (4.33 millions of oz) Condor : $ 8.274 billions ( 6.365 millions of oz) Total $ 13.903 billions ( 10.695 millions of oz) SILVER : Santa Barbara : $ 369.480 millions COPPER: Santa Barbara : $ 1.430 billions Condor : $ 3.025 billions Total $ 4.455 billions Grand Total $ 18.727 billions in resources It's still very reassuring to know that only gold, EGX has 10 times more resources than Roxgold, and if I capitalizes on silver and copper, it gives me 14.4 times the resources. The moral of the story, EGX is extremely undervalued.
Sorry for those who read and are not shareholders, I do not want to pump this share, I just want to spread the facts as they are. EGX does not need to be pumped.