RE:RE:RE:RE:RE:Exit Opportunities
"I would guess more capital is needed in the 2nd part of the year. I have not heard of a private placement.
Has anyone heard of a new round of financing?"
Good question , EOM with $22.4M in cash until Q1 2013. Since there is not much activities they did not spend much as a year earlier was $26.7 in Cash.
They are waiting for the paramo decision tow raise money, EOM has only issued in 84,228,000 shares only with gold resources as latest presentation as follow....
NI 43-101 Resources
Mineral Resources - Angostura
Eco Oro has NI 43-101 compliant mineral resources at its Angostura project, as of the report date of March 23, 2012, as follows:
| Category | cut off grade g/t | Tonnes (Mt) | Au (g/t) | Ag (g/t) | Au (Moz) | Ag (Moz) |
| Indicated | 1.5 | 30.62 | 3.09 | 14.84 | 3.05 | 14.61 |
| 2 | 19.72 | 3.85 | 17.62 | 2.44 | 11.17 |
| 2.5 | 13.70 | 4.57 | 20.00 | 2.01 | 8.81 |
| 3 | 10.09 | 5.22 | 22.07 | 1.69 | 7.16 |
| Inferred | 1.5 | 22.24 | 3.02 | 15.64 | 2.16 | 11.18 |
| 2 | 14.29 | 3.74 | 18.56 | 1.72 | 8.53 |
| 2.5 | 9.95 | 4.40 | 20.65 | 1.41 | 6.61 |
| 3 | 7.34 | 4.99 | 22.28 | 1.18 | 5.26
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