ECUADOR GOLD AND COPPER CORP V.EGX

Comparing previous 43-101 to current one

[gump132]

Just going to summarize the resource estimate table here.


From the November 2013 43-101
The Santa Barbara South Zone - Indicated = 4,330 and inferred 1,600
The Santa Barbara North zone - none indicated and 145 inferred

From the May 8 2014 43-101
Santa Barbara has been combined into one zone - Indicated = 5,978 and Inferred = 2,300


Looks like quite an increase from previous 43-101. However, this increase was already mentioned in the news from March 24th. The 43-101 just makes it official.

I think the PEA will really tell the story of what this company should be worth though.

[gump132]

Please note, the summary I provided was only looking at the Santa Barbara property and not the total inferred/indicated resource estimate for all properties.

[stockprosp]

he keeps dangling the carrot - this is all tactical.  and it's working as price is holding.  keeps delaying the PEA, waiting for more attention and potentially a better gas price. i'm still holding.

[gump132]

I'm waiting for PEA as well. They have a big resource and cheap costs to get it out of the ground. The PEA should look pretty impressive and gain a lot of attention.

[stockprosp]

haha gas price.  you can tell i work in retail. gold price!

[gump132]

I actually wonder if the price of fuel has a big impact on a PEA... I mean, those big trucks and equiptment probably burn a lot of it ;)

[stockprosp]

ha you might actually have a point