RE:Gold breaks $1300Funny how gold continues to move up, as does most other gold stocks yet EGX holds even or red. I wonder why that might be considering EGX has a world class resource? Perhaps because it is still largely unknown. I wonder how much longer this hidden gem will remain suppressed?
We have 4 things working to positively affect the SP short term.
1. gold moving up.
2. EGX significantly undervalued compared to other junior companies (according to Danny Deadlock average junior gold valuation is $19 per oz which indicates EGX current value of 88 cents per share for their gold resource alone).
3. the new Santa Barbara resource estimate due out any day now.
4. and the PEA coming out by the end of Q1.