Post by
nassau1 on Oct 25, 2013 3:07pm
value
Most juniors are at a $17/oz average valuation so EGX should be valued at .76 cents with 8m oz and 180m shares,i am assuming we will have 10-12 m oz by december so roughly a $1 on the gold alone,we have alot of room to run
Comment by
nassau1 on Oct 27, 2013 10:47am
A lot of tight lips around here,does anyone else have any price speculations on the stock or on gold itself for that matter?
Comment by
birch1 on Oct 27, 2013 7:42pm
You've seen my speculation and you know yours, I think we are on the same page. The SP is way too low to unload. I like your model for sure.
Comment by
nassau1 on Oct 28, 2013 11:06am
Looks like gold is in an uptrend now,it could really take off
Comment by
nassau1 on Oct 28, 2013 7:13pm
So Volta resources with 4.8 m oz gets a 40cent buyout and we have double that resource with more to come and we sit at 6cents haha undervalued much
Comment by
Solartrakk on Oct 29, 2013 10:33am
More gold here than GQC also.... GQC at .36. Something very wrong here. This is being discounted about 80% because it is in Ecuador? Makes no sense.
Comment by
nassau1 on Oct 29, 2013 10:39am
Yes i was just comparing those two also and i had noticed such a big disconnect betwwen them in price,shares outstanding are almost the same,less gold in the ground,they are in a risky political mining country and they sit 6 times our price,i cannot fathom why we are so low
Comment by
Gekkoin on Oct 29, 2013 3:04pm
Nassau1... you made a great point, like Burkina Faso is a more stable country than Ecuador...? lol If Volta can get 40 cents.. EGX is worth minimum 50 cents!!!! EGX will have its time, once these clowns get out of the way and let'er breathe!! Some nice bids coming in now at 6....
Comment by
nassau1 on Oct 29, 2013 3:29pm
I have not sold a single share yet and don't plan on it until it reaches it's true value,how on earth can one sell shares below fair value is beyond me,that is exactly the mentality I see with the overall stock market ,look at the Dow and s&p at levels that are a joke and suckers piling in,now gold has been so manipulated its time for it to turn
Comment by
Solartrakk on Oct 29, 2013 3:55pm
What will satisfy the market? 10 million ounces? 12 million ounces? At some point it becomes ridiculous. And we have to wonder what else is keeping this from running into the teens or higher. This is a .25 cent stock today with the ounces reported.
Comment by
birch1 on Oct 29, 2013 11:52pm
Looks like we be moving back up now. Good night.
Comment by
sonujaggi on Oct 30, 2013 8:49am
this S P should be higher and higher and higher befor the buyout because we all know as soon as all drilling result come out buyout for sure and those who are satisfied with few $$$ can sell their shares today.but i will be there ..........................................till the end......and glta to..................................