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Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Eldorado Gold Corporation is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. It operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec, Canada, and Olympias, located in northern Greece. Kisladag, Efemcukuru and Lamaque are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. The Lamaque Complex is located in Val-d’Or, Quebec. It includes the Triangle Mine (Upper and Lower), the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Its other development project in its portfolio includes Perama Hill, a gold-silver project in Greece. Its Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece.


TSX:ELD - Post by User

Bullboard Posts
Post by brodeuron Apr 09, 2019 2:08am
116 Views
Post# 29600202

Eas.v - undervalued junior gold producer $600k/month rev

Eas.v - undervalued junior gold producer $600k/month rev

Not many eyes on this yet. Looks like permits will be in the hands of co shortly which will allow construction and production of surface gold in 2-3 months. 


Money key will be made available from their $5m US listing with OCMX. 

Projection of 1000oz of gold per month once both ponds are up and running, at $600/oz gross profits. This yields $600k/month. 

Money will be reinvested to up resource and to start preparation of their other gold project: Miwah with 3m oz gold. 

At $5m market cap, this is way undervalued given $600k/month revenue generation with growth as reinvestment will bring the 3m oz online. 

Next catalyst for share appreciation: permitting in 2-3 weeks.

Bullboard Posts