ECUADOR GOLD AND COPPER CORP V.EGX

Brendan...

[saskstocks]

What actual proof do we have that Glenn is attempting to improve the mine site? I extra money be raised but have no idea what he is doing with it. Most companies actually announce further work, drilling and exploration.... Here all we have is high paid silence...lol

[BrendanC]

Mine Optimization GBM have further recommended that based on the anticipated improved recoveries and the production of an upgraded copper concentrate, that the mine plan and processing rate be optimized to establish a lower capital cost alternative, which will improve the overall economic return and viability of the Santa Barbara Project. These optimization studies were undertaken during 4 &

[BrendanC]

Regardless of what I say, do your own DD and if you think mngmt arent doing right by you then that should be the first indicator that you need to sell and move on to another, less risky stock like goldstrike...   My opinion is that they should have released the PEA and updated but for whatever reason, they didnt.  The site optimization is a step in the right direction. As I previously

[BrendanC]

For those who think this might be a bad idea... Copper was $2.45 in January... They saw Cu was moveing up and now sits at $2.73. It has had strong upward movement since January and my reads show it not moveing back anytime soon. If we stay at this rate, and the PEA is done between now and next month,, as opposed to this past January, add about 10%-15% earnings on our Copper alone. Timing, thats

[BrendanC]

Doesn't anyone want to refute my fact that the .08 billion pounds of Cu plus the .04 indicated averaged out to 1 billion lbs of Copper, if in the PEA in January, would be worth 2.45 billion dollars and is now worth (because we waited) 2.75  billion dollars? Profit value of $300,000,000...? Im not backing Glenn, im backing factual information. Check the numbers and do the math. 

[fleamarket]

540 Million more for those who don't do math so good. lol

[FrankVD]

  All companies have a forecast metal prices .. they will be based the above .. not on the price of the day ... lol ..

[BrendanC]

They may use figures like  - High - Mid - and low.  Even if they did Frank, it would still just add another 10-15% from January. A high estimate then may have been $2.75, now they can use $3.00. Cu is not gold price and doesnt have the volitility that gold does. Gold can fluctuate +/- $100/oz in as little as a week or two. Cu is not nearly as volitile in which case they may use a higher

[fleamarket]

all I did as a calc was 1.8 billion x .30 cents. Not trying to start anything B, wasn't referencing you just for noobs maybe.

[BrendanC]

no no, not at all !! I thought I was seriously doing it wrong... lol. had me second guess myself for a minute. Cheers!  Have a good weekend all. 

[FrankVD]

une mine de ce genre prendra 2 années à construire...   et tout le monde le dit que d'ici 2 ans l'Or sera à 1450,00 et le cuivre probablement $3,50 le problème c'est que le monde ont perdu confiance en Gleen ,,  il ne tient pas parole ....  donc si tu veux vraiment aider ... trouve un article ou Raphael Correa a confirmé l'existance de

[BrendanC]

I google translate what I can Frank but even it doesnt decipher what your say... I get that your trying to push EGX out of the limelight and make note that EGX is soehow being "overlooked". Soo..  Im pretty good with researching and DD and thought I would give you something to peruse over and ponder for a bit..  I will attempt to google translate for you best I can. DD to

[BrendanC]

@ Fleamarket....    haha... i figured $300,000,000...   am I wrong? It has been so long since highschool !!!!!