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Gold/Mining/Energy : Copper Fox

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To: CanadaGrant who wrote (9146)	1/26/2015 12:07:10 PM
From: louel	4 Recommendations of 10654

He was the CEO of Eurasian Gold when they purchased two or three former or producing pits in Kazakhstan. Same local as Alhambra is. It seems as they dug or dig a bit if it suites them. Or stop for weather related reasons among others. So I suppose those pits as they did get some gold out of them are classified as mines. But they are not in context with New Gold, Placer Dome or others what I call mines here. Anyways, does buying assets that have already been producing classify as bringing it to production ? Not really in my books ! However I suppose that makes four. Although three of the diggings are all in the same company. Like digging the Mike, Paramount, and Liard zones and saying you have three mines. ? ? The company has been renamed is now Eurasian Minerals headed up by John Kormaniki who is apparently trying to build the company on residual royalty partnerships. Trades On the TSX.V and the AMEX. In $ US the share price is .75 cents which is over valued as actual Book Value is listed as .59 cents. negative EPS over the L2Q. Earnings - $8.5M, R/G is - 16.6% The company actually seems to have prospered somewhat after Elmer left. the CEO position. Teck has to now announce what the years program at Shaft Creek is going to be. They are in cost control mode. Last year they allotted $2.5M for Shaft creek. I wonder if they used it up. If they only spent the minimum $500,000 yearly requirement. That $2.5 could be spread over 5 years and still fulfill the agreement. In which case it would carry them through till the end of 2018 without having to front anymore money. It also falls in line with the cash flow coming on line from Fort Hills. When Lindsay suggested things will be getting exciting.

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