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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Comment by stockprospon May 27, 2014 5:34pm
262 Views
Post# 22603127

RE:Realistically

RE:Realisticallywell market cap of $25M puts egx at $2.50/oz. Value for gold right now would be $25/oz which puts market cap at $250M. Copper is nearly 30% of their minerals so conservatively, $300M seems fair. Also, keep in mind we still have more resources to prove up. Now, potential buyers will claim geopolitical risk etc (although I dont think chinese buyers would given ties to ecuador) so ultra conservatively we reduce value to account for 'risk' which puts us at $150M - 6x current valuation putting stock at $.60. This to me is worst case scenario and truthfully, Glenn and Aura hold the chips here and will likely wait for right price - they likely have a minimum # in mind. as time goes on and gp goes up (which history proves it will and we all know it will), advantage goes to seller. my prediction is $1 or around $250M market cap which is somewhat conservative. glta
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