Clint's GOLD CHALLENGEPosted by ClintEastwood 3/25/04
The EGX Gold Challenge is to find a:
profitable, overlooked, extremely undervalued, $200 /ounce low cost
Gold Producer, currently trading @ cents.
EURASIA GOLD CORP. (EGX:TSX-V) (Toronto)
https://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=egx&x=51&y=8
EURASIA GOLD CORP.
▪ Two operating Gold Producing Gold Mines
▪ Low cost ($200.00 /ounce) Gold Production from two operating
Gold Producing Gold Mines.
▪ 50 to 60 additional Gold Deposits to be mined.
(Feasability studies made by the former soviet union.
Today Kazakhstan is free and independent)
Highlights from Q3, 2003 earning report ( in US dollars )
▪ amount of Gold produced was 8,596 ounces
▪ amount of Gold sold was 7,443 ounces
▪ average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
▪ deduct the expansion cost of the heap leach pads to expand the
EGX Gold production and You will find a production cost of about
$200.00 per ounce
▪ Gold was sold at an average price of $362.89/oz
▪ revenue was $2,701,000
▪ net profit was $169,000 (only from 3rd Q3, 2003 earning report)
▪ plus the Gold 1153 ounce produced - and to be sold at a higher price
▪ Record production of 8,596 ounces of gold during the third quarter
▪ 7,443 ounces were sold during the 3rd quarter
▪ It is the Company’s policy to operate as an unhedged gold
producer in order to allow shareholders to benefit from any rise in
the gold price.
▪ It is Eurasia’s objective to increase its annual gold production
incrementally to 60,000 ounces.
▪ it is proposed that an additional exploration of ore zones at
Central Mukur will be initiated to further increase the mineable
reserves during 2004.
▪ The Kazakh government has placed a priority on the development of
the gold industry.
Eurasia Gold Corp. (EGX:TSX-V) Toronto, (EAGCF:OTC:BB) Nasdaq.
https://www.eurasiagold.com
In 1996 when Price Of Gold was around $400 /ounce, EGX hit $.90, and
that without any significant Gold production.
Today the Price Of Gold is over $400 /ounce and Eurasia Gold Corp. produces Gold with a profit.
EGX is currently trading around increadibly low 10 cents per share,
while the upper hidden trend-line is aiming at fair market value $2 /share.
Eurasia Gold Corp. all-data-chart
imo, is there a better deal than EGX, go ahead, make my day! 
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When we get the results from the A.C.A Howe exploration program we
can add the amount of Gold located at the 30 - 60 meter depth.
Normally the grade increases with the depth.
IMO. /W