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Bullboard - Stock Discussion Forum ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."

TSXV:EGX - Post Discussion

View:
Post by fleamarket on Mar 31, 2015 3:21am

six

great news B. 0.06 would be a great start for tomorrow. And more?++ daily hopefully, excellent news on the taxes.
Comment by BrendanC on Mar 31, 2015 7:27am
It is great news! On the downside, it is 3 steps forward and 1 step back. Although the back step is the PEA release which is, again, slated for Q2. (Now till June).  All the investors sitting back waiting for tax rate %'s should now be stepping up to the plate to climb aboard EGX. I would be very surprised if we don't see .06 or better today. Then we should get some results from the ...more  
Comment by BrendanC on Mar 31, 2015 8:00am
To clarify, because i had a few questions on it. The mining company pays $149,000/year just to be there. Then they pay an additional 5% GROSS, from everything else. So if they produce 1,000,000 Oz of anything, they pay 5% of the metals gross value based on the value at that time. EI, if they produced 1,000,000 Oz of Gold at $1200/Oz. We pay $60,000,000 plus the $146,000. Sounds like a lot but, I ...more  
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