Encore Renaissance Resources Corp V.EZ

Can't argue with the volume and trend

[Loonee]

Encore is unique in it position with permits (now underground) and production with excellent grades and relatively small float at 53MM. IF you compare to Romarco (from 10 cents to 1.80 in the past year) with more than 300MM shares and no production, although they are building a resource in South Carolina, EZ is very attractive. Companies with much less in politically unstable countries have much higher market caps.
If they yield the same gold on their 40t bulk samples and net $500/oz, that's $15MM US, vs today's market cap of around $10MM CAD.

A previous 3,425 tonne test bulk sample of material mined at the Bonaparte Gold Mine Property and processed at the Cominco – Trail Smelter produced 26 grams per tonne gold (approximately 2,700 ounces of gold) from one of over 13 identified gold vein systems identified on the property.
Encore has received a permit to extract a 10,000 tonne bulk test sample (9,500 tonnes from the same vein material mined previously and an additional 500 tonne bulk test sample from one of the adjacent veins which have reported multi-ounce values of gold).
The anticipated gold recovery grade from this 10,000 tonne bulk sample (and from the planned subsequent 30,000 bulk test sample) is expected mirror the previously recovered grade of 26 grams per tonne (0.75 oz. per ton).

[HighTest]

You should read the last financials. Over 53 million shares out just in financing this year easy.

[HighTest]

8. CAPITAL STOCKa. Authorized – unlimited common shares without par value:b. Issued and outstanding:Number ofSharesAmountBalance, October 31, 2007 120,888,498 $ 17,021,354Private placement at $1.5 per unit (ix) 2,500,000 375,000Issued for mineral property – Dolly (MinQuest & Cardigan) (note 5 (e)) (x) 1,500,000 195,000Issued for mineral property – Victoria mine (note 5 (f)) (xi) 1,500,000 165