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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 Jan 02, 2015 10:13am
95 Views
Post# 23279372

RE:RE:RE:RE:wondering

RE:RE:RE:RE:wondering
BrendanC wrote:     Not at all !!   As for PEA release...  The engineering firm said that it would be completed by the end of January. That does not mean that EGX will receive it and release by that date. If the firm finishes say by January 28th, it is leading into the weekend and may be on February 1st. I'm just simply stating this as a heads up so that we dont have the usual bashers saying the PEA was delayed again when in fact the engineering firm said it would be complete by the end of January, not released by Glenn at that time. I know the PEA will be done by the end of January but what is important to me and you all as Share Holders is its release. And it may very well be done the frist week of "The end of the month, on Monday, the 26th and we see it by Friday. 
     As for the thing taking off...   Day traders trade on specultion for the most part. a month is way too early for them to get in. Institutional buying will likely happen first and I just personally think it is way too early for them to get aboard right now. Last May, we were 3 weeks picking up along the way but did not take off with good momentum until about 5 days before the PEA delay. I think we will start seeing some good volumes from this point say... 200k+ but it is just too early for excitment yet. I've been excited about EGX for over a year and am glad that this is all going to finally pay off over the next 1-3 months. I do not think I am the most "positive" on this board, I just post factual information that shows the potential of EGX. I have also posted negative information but reaffirmed with positive insight as well. So again, not waning at all, just saving us all the headache of Bashers come January 30th if we do not hear from Glenn. 
   



Toronto, Ontario--(Newsfile Corp. - December 8, 2014) - Ecuador Gold & Copper Corp. (TSXV: EGX), (the "Company"or "EGX") announces that the Company's Consulting Engineers, GBM Minerals Engineering Consultants Limited ("GBM") who are currently undertaking, through Resource Development Inc, ("RDI") of Denver Colorado, the additional metallurgical test work that was announced in the May 29, 2014 News Release, as part of the 43-101 Preliminary Economic Assessment Technical Report ("PEA") on the Company's flagship Santa Barbara Project, have released encouraging results from this test work and have advised the Company that the PEA will be completed by the end of January 2015. In addition, the Company has acquired key surface landholdings that cover a substantial part of the surface footprint of the Santa Barbara Project.
Read more at https://www.stockhouse.com/news/press-releases/2014/12/08/ecuador-gold-announces-encouraging-metallurgical-testwork-results#FcDMEjyU8fsQSs7o.99
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