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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 BrendanCon Nov 09, 2014 5:26pm
205 Views
Post# 23111739

RE:Let's find middle ground- name the negatives of this project

RE:Let's find middle ground- name the negatives of this projectI am possibly the biggest supporter of EGX, but in no way a "pumper". I do not mind pointing out some of  not so niceties of EGX.

1: Low Grade - High resources and low cost make up for this.

2: Inidginous - They are againt it and have threatened to take up arms with mining companies. This could scare some buyers away. If you have done as much DD as I have, you would know how Correa handles things in his Country. EI the recent incident at the University where they picketed. Lets just say that it did not end will for the rioters.....  Correa will not allow the indiginous to kick out this type of income for the country. Correa has offered the cheifs more money in support of mining. We have not heard back yet on whether they accepted or not. On the up side, they are more against large deep mining not so much open pit.

I honestly have not found anything else that cant hurt us. Not externally anyway. Glenn and the gang may pull a trick out of there hats and want to go into operations with another mining company instead of sale.
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