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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 GoldenOrbon Jul 22, 2015 10:35am
126 Views
Post# 23948377

RE:RE:43-101

RE:RE:43-101         Yes, I agree.  I have been saying this as well.  A consolidation must take place first, that IS the primary deal & an important step in timing.  This tidal wave flash crash has really taken the air out of any momentum Eco may have benefited from in PPS. 
          No suitor wants a bunch of satellite entities to then have to organize & merge, neither does the Colombian Ministry of Mines.  To consolidate puts Eco in the primary position to capitalize on that consolidation.  The "run at AUX/Eco Oro" will only happen (IMHO) when the several groups (contingent land holdings) are coraled & merged, that takes time as well.
          I really don't see Mubadala as the "white knight" who will acquire Eco Oro, but rather a well run Major miner willing to buy the consolidated group of explorer/concession licenses, assembled under one roof. 
         See section 4 in this 43-101.  Please note ALL the "pending" Concession applications one since 2008  thru to 2013, although small land tracks.  The map 4.2 ,"Eco Oro mineral tenure" Pg. 8 really makes a compelling statement for consolidation ASAP.  Money will have to be raised, sooner then later, this all becomes very expensive as Eco moves towards Pre-Feasibility Or additional drilling to increase the M/I.  They are sitting on a very large deposit.
GLTA
            

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