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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.


CSE:EOM - Post by User

Bullboard Posts
Comment by Eaglegoldon Dec 22, 2014 2:30am
302 Views
Post# 23255093

RE:RE:RE:RE:RE:RE:another little snip for Larry

RE:RE:RE:RE:RE:RE:another little snip for LarryYes, we need to wait for the company to analyze the situation. Based on speaking to the company directly, 3100 m does not leave us with a viable deposit. However, there are glimmers in the information presented on this board so far that it is not as simple as just 3100 m.

There was one of the articles that hinted at pre-2010 exceptions, plus hints of "social" need, and hints of exceptions based on actual presence of paramo ecosystem.

In short, we can't tell whether or not we are miners as of today or litigants under the Canada-Colombia free trade deal. But we are one or the other come January.

If we are miners, we still have a case for what we have lost, for we have already left more than 10 million oz on the table and we will definitely lose as-yet unexplored hinterland above the 3100 m level or that has already been expropriated for the paramo park. I for one want compensation from the Colombians for everything left on the table at this point, regardless of whether or not we are left with a fragment to mine.

If the mine is not viable under the new announcement, then we litigate for the whole enchilada, not just over two-thirds. Or, more likely, the case is bought from us from outfits that specialize in buying up such cases for litigation, and as investors we move on.

Bottom line, we'll have some kind of direction stated soon and the long wait, one way or the other, will result in trying to salvage something from what should have been the score of a lifetime.
Bullboard Posts