RE:brendan, you still there ? I havent talked to Heye in a while and have been meaning to. I don't really have much insight, honestly. I suspect the next bit of news will be the acception of our exploration permit under the new title going from "Condorming" due to the lapse of time windown before we had to go from "Exploration" to "exploitation", We needed the cash to continue MET work and to break ground on some virgin ground, "Premetador". So we have some NR's to look forward to.
1: Acceptance of exploration under new name. (Or decline)
2: Met work beggining or ending
3: drill commencing and results
4: Corporate updates etc....
I think we will be a while hearing about any MET work. The exploartion permits and commencing the drilling of "prometador" should be soon. And likely, we will see results of "prometador" before we see anything on MET work.
My honest concern is that once we start to get these small bits of news coming, albeit good news, we will see a lot of guys already invested in EGX jumping ship. IMHO, a pretty bad idea!! My reasoning is.... its not EGX, its the enitre sector as a whole. EGX is not the problem....
I follow almost every single precious metal, copper etc... company that Ross Beaty, Eric Sprott and Brent Cook have publicly praised or have even invested HUGE amounts of money into and they are all down. MRZ, ODN, to name some. Odin was the crown jewel for BEATY in Ecuador and now is down over 100% since then. And he has sold a large portion of his shares. Odin itself is sitting on a very nice area but the sector has gone to peices.
My thought here is that if we hit a large Cu, Au and Ag deposit on Premetador, I'll be very happy. I think the MET work will definately help and we will see the stock move when we get drills starting and some new fresh faces on board. Stock on the TSXV are going crazy with Speculative trading and lots of money trading hands. Take EQT for example... Sitting at .08 and was at .20 in a matter of about 2-3 days with no news of anything, just rumors for the most part and near an area that held large nickel deposits. EGX are very close to Mirador and FDN and has very large deposit mines all around us. We just need to hit the High Grade metals an/or a huge low grade deposit with a better, more cost efficient mining plan for what we have.
There's my two cents... Do your own DD and expect some REAL news in the coming month. (Dec)
Also, Ecuadors rain season is usually January to April (Southern Hemispheres Summer). I would think they would want to drill in December, hence getting the PP open and closed so quick to get cash on hand. I wouldnt be surprised if they have the machinery there and drills before January.
I COULD BE WRONG!!
GLTA,
B