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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (21245)	9/26/2003 1:01:23 AM
From: Salt'n'Peppa	Respond to of 39344

Here's a very pretty chart for you. stockcharts.com[w,a]daclyyay[dc][pb10!b20][vc60][iUh14,3!La12,26,9]&pref=G Notice the slow stochastics moving back up into the 80-100 range and how the 20 day EMA has been chasing the 10 day EMA for this entire run-up, with no hint of convergence. Most importantly, look at the MACD curves. You can see from each cycle of "share price increase & consolidation" that the black line rises above the blue. We can see the latest consolidation and the MACD curves clearly show that we are just beginning the next push that will take EET well over $2. EET is up 250% from it's lows in June and showing no sign of letting up. True, it was extremely undervalued at 80 cents, but nobody gave them credit for their gold properties. etruscan.com EET is already making $7 million/year on diamond production from their pilot plant, which is on track to double production starting next week. Next year will see EET commence production of 100,000oz from their Samira Hill mine, as well as 100,000oz from their wholly owned Youga mine (recently purchased from Ashanti). etruscan.com The Finkolo permit in Mali is returning some very nice gold intersections: etruscan.com and will likely result in a significant mine in the next couple of years. Their Agbaou property is awaiting a permit. Previous drilling has yielded very good results, with up to 37g/tonne over 8m. The resource is currently independently confirmed at 847,000oz (1.0g/tonne cut-off), but EET believes they can prove up 3.5 g/tonne, resulting in a significant gold mine. etruscan.com The diamond mine potential for EET is huge. Current production of ~20,000 carats/year (at an average US$420/carat) is from a 12.6 million m3 resource within a much larger gravel run. EET has mapped almost 1 billion m3 of potential diamondiferous gravel, believing much of this to have similar grade to the current mine. Staggering! etruscan.com On top of all this is the interest that Sprott Securities has shown in EET and their diamond partner, MOA. Sprott has recently acquired just under 20% of the total outstanding shares in both companies and is just beginning to get it's own clients interested in EET. EET is now at $2 and is just beginning to hit the radar screens of more serious players. I am fully expecting an SWG-like chart over the next 12 months, as these various projects come to fruition. I urge any gold bugs here to fully research EET and welcome any comments from this clearly intelligent & informed crowd. Regards, S&P