RE:RE:Skouries project to be immediately revived It is indeed exciting Catamaran, I don't think it is priced in very effectively at the moment. Most of the recent price appreciation has taken place with the rise of gold. I figure for every $100 increase in the price of gold Eldorado should increase about $3 per share if the POG holds. So most of eldorados price appreciation should be attributed to the increase in gold. It also depends on how much coverage this news story gets, we have seen news before from the previous energy minister stating that permits would be granted, but that was obviously a lie, the story is now different but the market may not recognize that. Also might not get as much recognition due not being disclosed by the company it's self. So I think ultimately disclosure by the company about recieving the permits will be the biggest news. I think with permits in hand the price should appreciate to anywhere between $15 to $16. Keep in mind that recieving these permits doesn't just have to do with skouries. The kassandra assets were meant to be a single project. Skouries heavily affects the valuation of olympias as well, now that they're reciving permits they can begin planning of olympias phase III. To get a bit of an idea here is a snippet from skouries technical report.
"In the future, the commissioning of the Olympias Phase III process facility and associated infrastructure including a port, flotation plant, smelter, and waste management facilities will allow for more cost effective shipment of concentrate for the Skouries concentrate."
It's possible that ore blending can be utlitized between the two mines to get more salable concentrates, a problem that olympias has been having.
CatamaranFund wrote: Thanks xBlitzkrieg for this
AWESOME News!. This is the moment that we all have been waiting for! Im wondering if the stocik price will surge on this news from the Greek Energy Minister or maybe not until the permits are actually granted by the Ministry of Energy. Well.. the bottom line is that he now makes that decision...
New Greek Energy Minister to Revive Helliniko and Skouries Projects
For all newbies still thinking of investing in this stock or adding more to portfolio - this maction has now freed Eldorado to operate at it's full potential as it is the lack of granting needed permits that has stunted Eldorado Gold's growth back for the past 3 to 4 years - unrelentless delay after delay by the Greek Ministry of Energy over granting of permits. Eldorado / Hellas Gold has sought to comply with all their requests but the past Leftist Government unfairly treated Eldorado, despite their own courts even repeatedly favoring the legal rights of Eldorado to continue operations. This is not some mickey mouse mining outfit but a top Mid-tier international Gold mining coperation that complies with all safety and environmental regulations. Consider adding to your portfolio based on this one statement;
The new government’s Energy and Environment Minister, Costis Hatzidakis, has said that two of Greece’s biggest investment projects that have been stalled or blocked for years, will be immediately revived.
Can't get much clearer than that - free Greek Souvlakis for everyone!