ECUADOR GOLD AND COPPER CORP V.EGX

Economic viability looks good

[stockprosp]

Was thinking on this one.  Few reasons why EGX has confidence on profitable mining for their metal, despite grade average less than 1 g/t.  

Close to ground, open pit, lower labor costs, lower power costs, etc.  Also, keep in mind the cost they purchased land for at $2-$2.50 per au oz which is 10-20x less than average, as mentioned in recent NR. Kinross already dropped over a billion on fruta project out of the gate, with a similar size deposit.  This would have to be considered as a leverage point and breathing room to balance potentially higher production costs resulting from lower grade.

[birch1]

Also, 30% of Chinapintza production towards the end of the year is not too shabby.  Lock and load.  Have a great day everyone.

[nassau1]

games are being played with the price again,lots of asks to try and scare investors and then you see them slowly start adding to the bids

[nassau1]

here is my theory on the price suppression,i believe that a group of firms are working together,buying and selling between themselves,what do you think?

[SizzlinSteaks]

I think you are right. Perhaps a couple institutions or maybe one institution with different accounts cross trading. That is clear but I have a hard time believing they are actually accumulating any shares by doing this. The fact this resource is so enormous and the market cap is SOOO undervalued continues to draw new investors. Don't think they can possibly accumulate shares at

[Sheperd]

How about cross trading  from Canada to a fiscal heaven spot??? no gain or even some lost on Canadian side, and bang the increase in SP, but the profit are out of reach for the canadian gouv? That'S my theory about all those cross trade! IMHO

[nassau1]

i think we can all agree that they are playng with the price,so we should all be accumulating at these ridiculous levels

[SizzlinSteaks]

Without a doubt. Bids and Asks change like the wind.

[nassau1]

i sure hope the retail guys arent falling for these games,only an idiot would sell at these prices