Ecuador Gold and Copper -"News is around the corner"
For the record ,
Aura ,i understand is a local ecuadorian group/family that has taken a devout and strongly supportive interest in the Ecuador Gold & Copper project.
They are not apparently mining individuals,
and subjectively have been involved at a most beneficial time.
As raising liquidity in these troubled times as most well know,
is an extremely difficult an arduous task.
So the added support of a "local" group working with egx,v has been ,I feel,most fortunate.
I'm also aware in the heart of summer how mundane this waiting is,and do wish all the greatest success in a good project here to all shareholder's.
Coming in a much shorter duration than the P.E.A.,as we wait,..
is the news of who may step up to aquire the original Aurelean/Kinross property located
on EGX's immediate northern boundary .
Is it going to be Enami,Codelco,Newmont,or maybe even Kinross...??
We shall soon see,I'm hoping for news on that front,as is everyone ,...soon.
This will be an event,even if the reaction in the market remains relatively lackluster.
And maybe in around or very near this time frame,what will the new "royalty tax"changes be ,...as this will be the third time there has been substantial revisions to the mining laws.
This excites me as it finally (when enacted) this will put this project on an even footing ,
which it hasn't had in so many years.
In different times,the " Frutal Del Norte" was touted at having 12-14 million ounces ,but I have also read countless times that it's only 6-7 million ounces Measured and Indicated.
And Aurelian it it's heyday several years prior,..was trading at a high of $42.00!!!
It was purchased by Kinross ,at well north of the $9.00 mark per share !!!
Also the previous exploration company which held the current EGX properties,
when there was only 2-3 million ounces proven,...
(Goldmarca) was also trading north of the $2 mark per share !!!
I well realize we're certainly in more detrimental times,...
So I will happily hold my share's in this project which has had 70-80M spent currently to date.
And with great results,...
And remain hopefull that the three separate news events do come sooner than later.
Cheers to all!