Eco Oro Minerals Corp C.EOM

Anything under 1 billion USD would be a big win for Colombia

[sailor8]

Take rough rounded figures from the Micon (July 17, 2015) "Angostura Mineral Resource Summary".

Drop the Silver and Copper contained in Angustura . Drop further any inferred resources and take only measured & indicated resources of gold. Which are rounded 2 thousand Koz (Kilo ounces) gold. That equals to 2 million ounces of gold. At the present gold price around 2,300 US$ per ounce and a conservative estimated 1,300 US$ per ounce production costs*, this makes a net profit of 1,000 US$ per ounce !

Thus the measured & indicated 2 million gold resources will make a profit of 2 million times 1 thousand US$ => equals 2 Billion US$ net profit.

If the Colombians have to pay to us for example only 1 Billion US$ they would make a "profit" of 100 % only with some signatures on papers.

I rounded the figures very roughly to make "the deal" clear just in principle. Anyone who believes that the resources in our Angostura property will not be mined in the future (with enviro friendly underground mining) can be only called naive, to say it mildly.
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*Aris estimates much lower production costs per ounce for their adjacent property , if I remember right.

[notafinger]

Well with the POG rising these morons should have settled 5 years ago instead of dragging us all through this.

[NaturalCurrency]

As I have been saying, a rising POG might be just the thing that one needed to get this deal over the finish line. As POG continues to rise towards $2,500 and then later to $3,000 - chances of a deal become more real. 

[oldtimer42]

Absolutely correct Natural, but it all hinges on this lame government establishing a firm Paramo elevation.

[NaturalCurrency]

Talking of Paramo elevation, has there any more official steps in this regard. Lot of start and stop in the past, not sure what is cooking more recently...

[oldtimer42]

There has been nothing concrete from the government in many years. Hopefully they will be forced by circumstances and self preservation to finally make a decision. It is their only way to avoid a substantial arbitration settlement. It is still worth mentioning that years ago EOM commissioned a million dollar expert review of our area and it was determined that it was not paramo but rather Andean

[NaturalCurrency]

Thanks oldtimer. So seems like government might be forced to make a call and clear out the. Paramo confusion in a matter.of days / weeks when 'presented' with final arbitration 'award'. I other words, if there is a will, it can happen in a flash? 

[MacBook]

Lots of blame to go around well documented here over the years. but now I think Petro is also wating on Galway ruling. Red Eagle docs are now posted on icsid site suggest you read. Among other things regarding changing rules and "laws" I found it interesting the tribunal did not see Red Eagle as a miner but rather just an "explorer" Hence there was no business loss ... pretty

[MacBook]

Sailor the tribunal already stated it intended to use comparable market transactions to value to value the loss to EOM. The good news is we have 4 transactions just in the area: the original AUX buy of galway gold, the aux handover to mubdala, and the most recent aris buy in for Minesa all at $1-1.5Kgold.  At a minimum 2300 gold should bring the valuation to the higher end of the range. 

[sailor8]

Thanks MacBook. We can hope to get in a clearer picture within the next ~ 12 weeks. Let us have a view about last years cases outcome at the ICSID.  Just a plain statistical point of view. ----------- Case Outcomes Of the cases that concluded in 2023, 69% were decided by a tribunal and 31% were settled or otherwise discontinued. This is similar to case outcomes in previous years.  

[NaturalCurrency]

Sailor - where do you get the timeline of ~12 weeks from?

[notafinger]

The Tribunal uses 90 day periods often.   32. The Tribunal’s decision to grant the Parties a significant period of time (90 days) was premised upon the possibility of expert evidence being adduced. This is reflected in paragraphs 31 and 35 of PO12. 33. Considering that both Parties have confirmed that no additional expert evidence will be adduced, the Tribunal considers that it would

[sailor8]

I had simply watched some other cases, how long it took from the cost filing to the decision (or to an other way settlement). I came to about 3 - 4 months period on a very rough average.  Not a representativ time period statstistic,  just 3 -5 cases, which I checked by random. It seemed to me that there is no fixed rule about this one. Therefor the tilde ~ which I set in front of this