Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Canada NewsWire via COMTEX
Eurasia Gold Corp. wishes to announce a 24.5% improvement in gold recovery at Central Mukur
11/29/04
TORONTO, Nov 29, 2004 (Canada NewsWire via COMTEX) --
Eurasia Gold Corp. (TSX-V symbol: EGX):
Subsequent to the commissioning of the crushing and agglomeration complex ("complex") at Central Mukur the operational trials using the complex have improved the gold recovered from the leaching operations by 24.5%.
The method used prior to the introduction of the complex at Central Mukur for stacking and irrigating untreated run of mine ore onto the leach pads was by using 30 tonne dump trucks and levelling the ore using a bulldozer. Compaction of the ore is unavoidable using this system and the gold recovered from the leaching operations was 58.2%.
The new complex is designed to process 180 to 200 tonnes per hour, resulting in an annual nominal treatment capacity in the range of 700,000 to 750,000 tonnes. To further improve the efficiency of the system and to avoid damage and compaction of the prepared agglomerates the material is now placed on the leach pad by using grasshopper conveyor system and radial stacker prior to final irrigation.
The recovery rates now being achieved using the new complex and stacking system for the ore currently being mined is 72.5%.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=13970
For further information: contact Baltabek Mukashev, President and CEO,
+ 7 3272 581 081, baltabek(at)charaltyn.kz; Ismail Nishanbayev, CFO,
+ 7 3272 581 081, mnishanbayev(at)nursat.kz; Graham Bevan, Director,
+ 44 7789 721952, graham.bevan(at)eurasiagold.com; Eurasia Gold Corp.,
(416) 504-2899, info(at)eurasiagold.com
News release via Canada NewsWire, Toronto 416-863-9350
Up, up and UP
Eurasia Gold Corp CA:EGX
chart
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=9...
Eurasia Gold Corp EGX:TSX.V
Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
http://www.eurasiagold.com/
Brgds
Eurasia Gold Corp. wishes to announce a 24.5% improvement in gold recovery at Central Mukur
TORONTO, Nov. 29 /CNW/ - Eurasia Gold Corp. (TSX-V symbol: EGX):
Subsequent to the commissioning of the crushing and agglomeration complex
("complex") at Central Mukur the operational trials using the complex have
improved the gold recovered from the leaching operations by 24.5%.
The method used prior to the introduction of the complex at Central Mukur
for stacking and irrigating untreated run of mine ore onto the leach pads was
by using 30 tonne dump trucks and levelling the ore using a bulldozer.
Compaction of the ore is unavoidable using this system and the gold recovered
from the leaching operations was 58.2%.
The new complex is designed to process 180 to 200 tonnes per hour,
resulting in an annual nominal treatment capacity in the range of 700,000 to
750,000 tonnes. To further improve the efficiency of the system and to avoid
damage and compaction of the prepared agglomerates the material is now placed
on the leach pad by using grasshopper conveyor system and radial stacker prior
to final irrigation.
The recovery rates now being achieved using the new complex and stacking
system for the ore currently being mined is 72.5%.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE
For further information: contact Baltabek Mukashev, President and CEO,
+ 7 3272 581 081, baltabek@charaltyn.kz; Ismail Nishanbayev, CFO,
+ 7 3272 581 081, mnishanbayev@nursat.kz; Graham Bevan, Director,
+ 44 7789 721952, graham.bevan@eurasiagold.com; Eurasia Gold Corp.,
(416) 504-2899, info@eurasiagold.com
Website
http://www.eurasiagold.com
Toronto Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Brgds
GOLD $454.00 / ounce + $5.00
Eurasia Gold Corp (EGX:TSXV) + 16.67 %
Toronto Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Eurasia Gold Corp website
http://www.eurasiagold.com
Eurasia Gold Corp, chart comparison Djia
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=9...
BRgds
GOLD $451.70 +$2.70
Eurasia Gold Corp came out with a very good
Q3 report, earnings up,
Comparison chart
CA:EGX Eurasia Gold Corp (TSX-V)
CA:ABC Barrick Gold Corp (TSX)
DJIA Dow Jones Industrial Average
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=9....
You'll get this one of a lifetime gold mine
opportunity at the Toronto Stock Exchange -
Symbol EGX
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
Eurasia Gold Corp website
http://www.eurasiagold.com
I am not an investment advisor, always do your own DD before buying any stocks!
This is in my opinion, Best regards
Green EARNINGS Arrow Pointing NORTH for EGX
UP UP UP ! ! !
from Clint @ StH. Canada Nov 24, 2004
You see ? If even unconfirmed speculation that
a senior Gold Producer is interested in the
assets of a Junior sky-rockets the company
shares, what will happen if there is some
serious interest from several senior companies?
I don't know, but it seems to me that the way
of least resistance for the junior shares is
up, up, up and up !
Declining Gold reserves are not the only pillar
propping up the Junior shares.
The other pillar is of course the POG !
Remember what a rapid rising POG approaching $400
did to the Junior Gold shares back in 1996 ?
Yes, they appreciated in the 100-1000% range !
Eurasia Gold Corp. (EGX:TSX-V) CA:EGX
Thistle Mng Inc (TSX) CA:THT
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=1...
Eurasia Gold Corp. (EGX:TSX-V) CA:EGX
1988 to 2004 weekly chart, observe 1996?
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=2...
imo, it's very interesting, Brgds, CE
Eurasia Gold Corp compared
Anglo American PLC AAUKF
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=1...
Agnico Eagle Mines Ltd (TSX) CA:AGE
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=1...
Anglogold Ashanti Ltd (OTHER OTC) AULGF
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=1...
Compania De Minas Buenaventu (OTHER OTC) BVNOF
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=1...
Canyon Resources Corp (AMEX) CAU
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=9...
Goldcorp Inc New (NYSE)
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=9...
http://www.ivarkreuger.com/gold
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Eurasia Gold Corp. - Third Quarter Report 2004 -
Net earnings Net earnings for the third quarter of 2004
were US$970,000.00 or
US$0.01 per share compared
to $169,000 or $0.00 per share for the same period in 2003.
- This improvement is primarily due to increased share
- of production and higher realized prices,
- and a new management turning EGX around
- to be a moneymaking GOLD MINES Producer.
- 100% owned -
- Andas Altyn LLP (the “Andas-Altyn”),
- Gold Mining Operations
During the third quarter of 2004,
430,098 tonnes of ore were placed on the leach pads,
compared to 387,589 tonnes in the third quarter of 2003.
The amount of gold precipitated during
the third quarter of 2004
was 10,086 ounces, compared
to 8,596 ounces in the third quarter of 2003.
Gold sales for the nine months of 2004
amounted to 19,791 ounces compared
to 17,778 ounces in 2003 for the same period.
The Board is continuing with its chosen strategy
of running Eurasia on an un-hedged basis.
The increase in gold sales from the previous year
is partly due to the increase in gold recovery
from using the new crushing and agglomeration
complex at Central Mukur and the increase in
gold production from the mining operations
at Myaly.
The mining licence extension at Myaly mine site,
which has been extended and
granted to January 2006 to continue operations
on an economic basis and complete
the recovery process of mined ore,
allows for further exploration of the ore zones
known as East Myaly.
Following this exploration programme the SCR
are prepared to consider a further application
to extend the mining licence to allow
the mining of this area.
It is proposed to continue with additional exploration
of the existing ore zones at Myaly
to further increase the mineable resource.
In line with this exploration programme,
the application, submitted to the SCR in 2004,
was approved in April 2004 to continue mining.
Myaly Gold Mines Operation:
Myaly On Balance Mineral Resource Units
C1 (Indicated) / C2 (Inferred)
Gold Content (kg) 438.8 / 638.5
EGX Eurasia GOLD Mines
Low Cost Gold Production,,,
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
http://www.eurasiagold.com
imo, Best wishes
Eurasia Gold Corp.
About The Company
Eurasia Gold Corp. is a gold producing company incorporated
in Canada and headquartered in Toronto, Ontario.
The company operates two gold mines in the Republic of
Kazakhstan through its wholly owned subsidiary, Andas-Altyn LLP.
The company’s primary business is mining and processing gold as
well as acquiring and developing additional gold deposits in
Kazakhstan.
Eurasia is a tier 1 company and trades under the symbol “EGX” on
the Canadian Venture Exchange.
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Company website
http://www.eurasiagold.com
Brgds
EURASIA GOLD CORP. (EGX:TSX-V)
Eurasia Gold Corp. is a gold producing company incorporated in
Canada and headquartered in Toronto, Ontario.
The company operates two gold mines in the Republic of
Kazakhstan through its wholly owned subsidiary, Andas-Altyn LLP.
The company’s primary business is mining and processing gold as
well as acquiring and developing additional gold deposits in
Kazakhstan.
More info at the company website:
http://www.eurasiagold.com
EURASIA GOLD CORP. (EGX:TSX-V)
Instrument Symbol: EGX
Exchange: TSX Venture - Toronto Stock Exchange
Link:
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
chart: Eurasia Gold Corp CA:EGX (Blue, going strong)
compared to DJIA
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=1...
More info:
http://www.ivarkreuger.com/gold
http://ivarkreuger.proboards32.com/index.cgi?board=Eurasia
imo, The Best
Good opportunity, Low cost Gold Producer under 10 cents / share.
Eurasia Gold Corp.
http://www.eurasiagold.com
Symbol EGX @ Toronto Venture Exchange (TSX.V)
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
DD. Eurasia Gold Corp. imo, NYB
GOLD $429.90 +$5.80
Currency Chart Page
http://www.ivarkreuger.com/charts.htm
GOLD / TECHNOLOGY / DJIA CHART
http://www.ivarkreuger.com/chart.htm
EURASIA GOLD CORP's Symbol is "EGX" @ Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EURASIA GOLD CORP's Website
http://www.eurasiagold.com
Eurasia Gold Corp.
Two gold mine operations in Kazakhstan.
Website: http://www.eurasiagold.com/
Eurasia Gold Corp. @ Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EGX - Eurasia Gold Corp may triple before the year end, imo.
Best rgds,
GOLD / TECHNOLOGY / DJIA
Good Chart!
http://www.ivarkreuger.com/chart.htm
fiat paper currencies are going down
http://www.ivarkreuger.com/charts.htm
GOLD / TECHNOLOGY / DJIA Comparison chart
Gold is about to take out DJIA
http://www.ivarkreuger.com/chart.htm
Invest in Gold stocks:
Eurasia Gold Corp. is a gold producing company incorporated in
Canada and headquartered in Toronto, Ontario.
The company operates two gold mines in the Republic of
Kazakhstan through its wholly owned subsidiary, Andas-Altyn LLP.
The company’s primary business is mining and processing gold as
well as acquiring and developing additional gold deposits in
Kazakhstan.
http://www.eurasiagold.com/
Eurasia Gold Corp. @ TSX-V
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Gold Mining in Kazakhstan
http://www.ivarkreuger.com/gold.htm
EGX has more potential than Thyssenkrupp
"Still EGX has more potential than Thyssenkrupp Ag in the long run,
to me it's no surprise that they wanted in /W"
http://www.kitcomm.com/showthread.php?s=&threadid=3088
Chart EGX / T
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=DE:750000&sid=144910&ti...
TKA picked up 57% of this gold producer
EGX @ TSE
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
http://www.ivarkreuger.com/gold.htm
Eurasia Gold Corp.
http://www.ivarkreuger.com/gold.htm
Eurasia Gold Corp. at The Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Eurasia Gold Corp. is a gold producing company incorporated in Canada and headquartered in Toronto, Ontario. The company operates two gold mines in the Republic of Kazakhstan
Kazakhstan was one of the major mineral producing republics of the former Soviet Union and is well endowed with large resources in a wide range of minerals, including gold.
http://www.ivarkreuger.com/gold.htm
Eurasia is a tier 1 company and trades under the symbol "EGX" on the Canadian Venture Exchange and under the symbol "EAGCF" on Nasdaq.
Toronto Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
PRESS RELEASE
Eurasia Gold Corp. wishes to announce the following changes and
appointments to the Board
Toronto, September 9, 2004: Eurasia Gold Corp. (TSX-V symbol: EGX)
are pleased to announce the following changes and appointments to
the Board:
Mr. Graham Bevan steps down as President of Eurasia Gold Corp.
(the “Company”), but continues as a member of the Board as a Non-
Executive Director.
The Directors wish to thank Mr. Bevan for his contribution to the
Company as President and for his continued support as an independent
director in the future.
Mr. Kumar Mukashev, a long standing Director of the Company and one
of the founders of Andas Altyn LLP, a totally owned subsidiary of
the Company operating our gold mining operations in Kazakhstan
(the “Subsidiary”), has been appointed as Chairman of the Board.
The following have been appointed as Directors of the Company:
Mr. Baltabek Mukashev has also been appointed as President and Chief
Executive Officer. He was a former Director of the Company and
General Manager of the Subsidiary. He has gained considerable
experience in gold mining operations, especially in Kazakhstan; and
he is the President and CEO of JSC Charaltyn, a publicly listed
Joint-Stock Company on the Kazakh stock exchange.
Mr. Ismail Nishanbayev has also been appointed as Chief Financial
Officer. He has previous audit experience with “KMPG” and “Deliotte
& Touche”, and his accounting skills and knowledge of business
operations in Kazakhstan will enhance the strength of the Board.
Mr. Aman Adilkhanov is the current General Manager of the
subsidiary. He also has considerable experience in managing gold
mining operations in Kazakhstan.
The Board wishes to announce that it is committed to its strategy of
continuing to improve the operational efficiency of its gold mines
by using technology where appropriate to lower production costs, in
turn improving share holder value.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE
For further information contact:
Baltabek Mukashev, President and CEO
+ 7 3272 581-081
baltabek.mukashev@eurasiagold.com
Ismail Nishanbayev, CFO
+ 7 3272 581-081
mnishanbayev@eurasiagold.com
Graham Bevan, Director Eurasia Gold Corp.
+ 44 7789 721952 + 1 416 504 2899
graham.bevan@eurasiagold.com
info@eurasiagold.com
http://www.eurasiagold.com
Eurasia Gold Corp "EGX" @ Toronto Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Second Quarter Report 2004 to 30 June 2004
President’s Message to Shareholders
I am pleased to present the quarterly report for the period ended June 30, 2004 on behalf of the Board of Directors.
Highlights for the Second Quarter 2004
Operational
• Production of 7,222 ounces of precipitated gold during the second quarter
• Tonnes of ore placed on pads during the second quarter was 387,939 tonnes
• Gold sold during the first six months was 9,804 ounces
• Completed construction of crushing and agglomeration complex at Central Mukur Corporate
• Andas Altyn LLP has completed the consolidation and restructuring their loan facilities with Centercredit Bank and provided additional finance for the new crushing and agglomeration complex at Central Mukur Subsequent event
• On July 28, 2004 TKA Corporation has completed the purchase of 57.7% shares of Eurasia owned by CIDEM, a wholly owned French subsidiary of Thistle Mining Inc.
Overview
Mining operations for the first six months were in line with the budget for the period and gold sales for the first six months of 2004 amounted to 9,804 ounces compared to 10,335 ounces in 2003 for the same period.
• For the six months ended June 30, 2004, revenue from gold sales $3,887,000.
• Gold prices received during the 6 months averaged $396 per ounce.
• Total cash operating cost for the 6 months averaged $336 per ounce.
• General and administrative expenses were $195,000, equivalent to $20 per ounce.
At Central Mukur the construction of the crushing and agglomeration complex was completed by the end of the second quarter and has now been commissioned. Full scale mining operations have re -commenced at the Myaly mine site during the second quarter after the granting of an extension to the mining licence. Corporate Mr. William P. McLucas and Mr. Harvey McKenzie resigned from the Board of Directors of Eurasia and as Chairman of the Board and Chief Financial Officer, respectively, on the completion of the purchase of 57.7% interest in Eurasia held by CIDEM, a wholly owned French subsidiary of Thistle Mining Inc. by TKA Corporation (the “Transaction”). Prior to the Transaction, Mr. Gerry Roe resigned from the Board of Directors of Eurasia to pursue other business interests in the oil industry. The Board of Directors of Eurasia wishes to thank them for their contribution and to also announce that Mr. Richard Lachcik has been appointed as a Director of Eurasia. Mr. Richard Lachcik has been a partner of the law
firm MacLeod Dixon LLP since August 1998 and prior thereto was a partner of a Toronto law firm. He holds a law degree from Queen’s University and was called to the bar in Ontario in April 1983. Mr. Lachcik specializes in the areas of corporate and securities law. He currently serves as a director and/or officer of several other public companies.
On behalf of the Board of Directors
(Signed) Graham Bevan
Graham Bevan
President
August 16, 2004
http://www.eurasiagold.com/index.html
Toronto Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Joint press release - Completion of transaction to purchase the
57.7% interest in Eurasia held by Compagnie Internationale de
Developpement
7/28/04
TORONTO, Jul 28, 2004 (Canada NewsWire via COMTEX) --
Eurasia (TSX-V symbol: EGX) and TKA are pleased to announce the
completion of a purchase by TKA of 68,269,253 common shares,
representing 57.7% of the issued and outstanding common shares, in
Eurasia from CIDEM, a wholly owned subsidiary of Thistle Mining Inc.
via private transaction (the "Transaction"). The shares acquired by
TKA via the Transaction are the only shares held by TKA in Eurasia.
As consideration for the shares, TKA transferred to CIDEM (i)
US$3,500,000.00, (ii) 65,644,840 common shares in the capital of JSC
Charaltyn representing approximately 2% of the issued and
outstanding common shares of JSC Charaltyn, and (iii) a
participation right in JSC Charaltyn's future projects in gold
exploration or mining.
In connection with the Transaction, Thistle Mining Inc., Eurasia and
TKA have entered into a management fees release agreement whereby
Thistle has agreed to release the management fees owed to it by
Eurasia.
TKA is one of the principal shareholders of JSC Charaltyn, a
publicly listed Joint-Stock Company on the Kazakhstan stock
exchange, which is led by Mr Baltabek Mukashev, a former director of
Eurasia. TKA intends to hold the shares of Eurasia for investment
purposes and has no intention at this time to acquire further shares
in Eurasia.
Mr. William P. McLucas and Harvey McKenzie resigned from the Board
of Directors of Eurasia and as Chairman of the Board and Chief
Financial Officer respectively on the completion of the Transaction.
Prior to the completion of the Transaction, Mr. Gerry Roe resigned
from the Board of Directors of Eurasia to pursue other business
interests in the oil industry. The Board of Directors of Eurasia
wishes to thank them for their contribution and to also announce
that Mr. Richard Lachcik has been appointed as a director of the
Eurasia.
Mr. Richard Lachcik has been a partner of the law firm Macleod Dixon
LLP since August 1998 and prior thereto was a partner of Weir &
Foulds. He holds a law degree from Queen's University and was called
to the bar in Ontario in April 1983. Mr. Lachcik specializes in the
areas of corporate and securities law. He currently serves as a
director and/or officer of several other public companies.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION:
For further information:
Eurasia Gold Corporation, Graham Bevan, President, + 44 7789 721952
TKA Corporation, Malik Nishanbayev, + 7 (3272) 581-081
http://ivarkreuger.proboards32.com/index.cgi?board=Eurasia&action=display&num=1091116340
http://www.ivarkreuger.com/gold.htm
July 28, NEWS, Eurasia Gold Corp.
Thistle Mining's French subsidiary CIDEM, completes the sale of its 57.7% Stake in Eurasia Gold Corp for US$ 5.1 million
TORONTO, July 28 /CNW Telbec/ - The Board of directors of Thistle Mining are pleased to announce that CIDEM, a wholly owned French subsidiary of Thistle, has sold their entire holding of 68,269,253 common shares of Eurasia Gold Corporation, representing 57.7% of the issued equity, at a price equivalent to CAN$ 0.10 per share.
The consideration comprises US$ 3.5 million in cash and US$ 1.6 million in shares (approximately 2% of the issued shares) of Charaltyn, a gold mining and exploration company, which is listed on the Kazakhstan Stock Exchange. In addition, CIDEM and Charaltyn have agreed a 25% participation agreement; by CIDEM, at its option, on any new gold exploration and mining projects acquired by Charaltyn, effective until 31 December 2005. CIDEM looks forward to working with Charaltyn in the future.
The cash proceeds will be used for working capital purposes in the group.
The buyer of the stake is TKA Corporation, one of the principal shareholders of Charaltyn, a publicly listed Joint-Stock Company, which is led by Mr Baltabek Mukashev, a former director of Eurasia Gold Corporation.
http://www.newswire.ca/en/releases/archive/July2004/28/c6606.html
Eurasia Gold Corp. EGX:TSX-V Toronto Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
http://www.ivarkreuger.com/gold.htm
Eurasia Gold Corp
Suite 2215 - 120 Adelaide Street West
Toronto, Ontario, Canada M5H 1T1
Phone: 416.504.2899, Fax: 416.504.2729
http://www.eurasiagold.com/
Gold Up +$7.00 POG $401.60 /ounce
Eurasia Gold Corp. (EGX:TSX-V) @ Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Eurasia Gold Corp. (EGX:TSX-V)
Suite 2215 - 120 Adelaide Street West
Toronto, Ontario Canada M5H 1T1
Phone: 416.504.2899, Fax: 416.504.2729
http://www.ivarkreuger.com/gold.htm
Best regards,
Theres Life > EGX TAKEOVER GAME CONTINUES
The meeting of Directors is on June 24th -
- The transaction is subject to various approvals
and is expected to close on or before the date
of the Annual General Meeting of
Eurasia Gold Corp. on 24 June 2004...
Eurasia Gold Corp. (EGX:TSX-V)
EURASIA GOLD CORP ("EURASIA")
("EGX:TSE-V")
* CIDEM, a wholly owned French subsidiary
of Thistle has sold its interest
in Eurasia Gold Corp. for US $5.1 million,
including US $3.5 million in
cash, which is intended to be used to further
develop the South African operations.
Operations
CIDEM, a wholly owned French subsidiary of
Thistle has sold its interest in Eurasia for
a consideration of US $5.1 million, equivalent
to Cdn 10 cents per share.
The consideration comprises US $3.5 million in cash
and US $1.6 million in shares
(approximately 2% of the issued shares) of Charaltyn,
a gold mining and exploration company
which is listed on the Kazakhstan Stock Exchange.
In addition, CIDEM and Charaltyn have negotiated a
25% participation agreement by CIDEM in any new gold
exploration and mining projects acquired by Charaltyn
or its subsidiaries.
- CIDEM looks forward to working with Charaltyn in the future -
- Kazkommerts Securities -
- Reported for information purpose only -
- Kazakhstan; Gold Mining Industry, past July 2003 -
- Kazakhstan gold extracting company “Charaltyn”
- is planning to list its shares in KASE (now listed)
- This way the company wants to attract
- a good strategic partner.
Besides in the nearest future the company wants to analyze
the opportunity of entering the international
securities market.
There are several ways of realizing this project
such as issuing eurobonds and global or American
depository receipts.
Attracted funds will be used for before export
financing of gold deliveries in the amount of
$15 mln.
“Charaltyn” has a license for processing Charsky zone,
which covers 12 thousand square kilometers in
East Kazakhstan.
The company also owns Mizek deposit in East Kazakhstan
and 70% of LLP “”Nurgrim” that has a license for
processing Sugatovskoye and Butabai deposits.
As of the end of 2002 the company’s assets comprise
about $10,5 mln, equity
– about $6,4 mln,
- net income is more than $529,4 thous.
"Altyn Aimak" puts into operation a new plant on gold
mining of difficult for concentration ores
in November
"Altyn Aimak" has initiated a project on gold extraction
from difficult for concentration ores with
a high content of arsenic and carbon by means
of a new bacterial leaching method that was
mutually worked out by Kazakhstan and Russian
specialists.
This project is a kind of know-how
and at its first stage requires an investment
of about 218 mln. tenge.
Akimat of East-Kazakhstan
oblast provided these funds through a commercial bank
on a returnable basis.
Using these funds
"Altyn Aimak" is planning to put into operation
a new line of industrial complex with the
production capacity of 60 thousand tons per year.
- The buyer of the stake is TKA Corporation,
one of the principal shareholders of Charaltyn,
a publicly listed Joint-Stock Company,
which is led by Mr Baltabek Mukashev,
a former director of Eurasia.
The transaction is subject to various approvals
and is expected to close on or before the date
of the Annual General Meeting of
Eurasia Gold Corp. on 24 June 2004.
Operations Report
The policy of only conducting mining operations during the winter months if the weather conditions are favourable continues.
Therefore, only a marginal amount of new ore was placed
on the leach pads.
The mobile equipment was refurbished during the winter
months in preparation to begin mining
operations in spring.
3,409 ounces of gold was precipitated during
the 1st quarter of 2004,
compared to 2,774 ounces in the 1st quarter 2003.
66,827 tonnes of ore were placed on the leach pads
in the 1st quarter of this year,
compared to 110,988 tonnes in the 1st quarter of 2003.
Inventory of gold at 31 March 2004
and at the end of 2003 is as follows:
Inventory items March 31, 2004 December 31, 2003
Recoverable gold to pad ounces 9,554 11,180
Gold on resin ounces 466 691
Gold at refinery (for sale) ounces 2,036 1,253
Total inventory ounces 11,240 13,124
It is important to recognize that the estimated amount
of gold on inventory can be subject
to a significant margin of error.
Andas-Altyn LLP mine quarterly production
for the combined mine sites:
Monthly Operating Indices January February March Total
2004
Waste tonnes 162,325 137,600 250,970 550,895
Ore to pad tonnes - - 66,827 66,827
Gold grade in ore to pad Av. g/ - - 1.38 1.38
t
Gold in ore to pad ounces - - 2,971 2,971
Recoverable gold to pad ounces 1,782 1,782
Gold precipitated ounces 1,491 1,273 645 3,409
Andas-Altyn LLP is the 100% owned company carrying out operations on behalf of Eurasia Gold Corp. in Kazakhstan.
Gold Sales
Gold sales for the first three months of 2004
amounted to 4,123 ounces
compared to 3,744 ounces in 2003
for the same period.
---
Note. Bakyrchik gold mine situated in northeastern Kazakhstan
(approximately 100 km from the city of Semipalatinsk)
is one of the largest undeveloped gold deposits
in the world, its only one gold project of 100s in
Kazakhstan the new frontier of gold expl. projects.
- Ivar Jr. thanks for the info -
The Kazakh Government
has placed a priority on the development
of the Gold industry.
Eurasia Gold Corp. (EGX:TSX-V)
@ http://www.ivarkreuger.com/gold.htm
Eurasia Gold Corp.
President Baltabek Mukashev who has been the production
manager for EGX two Gold Mines with about 600 workers
and been able to pay off the debt in the past...
run with a good profit and low operating cost...
with a low grade bellow Au 2 gram/ton and
still make an excellent profit...
that's why -- that currently it is engaged into
talks with three international partners,
including -
Rothschild - Standard Bank London, IP Morgan and Ernst&Yong
to select a consultant for...
Eurasia Gold Corp. to be a pipeline for capital
to develop their...
-- 85 TONS OF GOLD -- Reserve...
the top of the Au ize - iceberg
LORD LANG OF MONKTON, Thistle, Chairman of the Board said,,,
We have completed negotiations to sell our 57.7% stake
in Eurasia Gold Corp to a group of Kazakh based investors
for $3.5m in cash and $1.6m-worth of shares
in their company, Charaltyn, which is listed
on the Stock Exchange in Almaty.
LORD LANG OF MONKTONs excuse was,,,
It is intended that the cash will be used for
development purposes at President Steyn.
Whilst the gold price rose strongly during 2003
in US$ terms in the face of a flagging US dollar,
the Rand gold price has been disappointing.
,,,,,,,,,,,,,
85 TONS OF GOLD --
RE: EURASIA GOLD CORP. -
Charaltyn...
The Globe Kazak Rep...
- The company's president Baltabek Mukashev announced
speaking Thursday at the company's presentation
to investors in Almaty --
-- that currently it is engaged into
talks with three international partners,
including -
- Standard Bank London, IP Morgan and Ernst&Yong
to select a consultant.
At the same time the company does not plan any
additional shares issue.
"All plans to place the company's shares will be performed
within 3 bn tenge issue already announced last year,"
Mukashev said.
As reported, the company started placing some shares of
the new issue in amount of 600 m tenge at nominal value
1 tenge for one share in late 2003 via KASE.
Currently 17.1 m shares at 3.5 tenge for one are already sold.
In late November 2003 Charaltyn shares were included into
official KASE "A" listing.
-- Charaltyn to double GOLD production in 2004
This year Kazakhstani based Gold producing company
Charaltyn intends to double its recovery volumes and
-- to produce 2.5 tons GOLD against 1.2 tons in 2003.
The company president Baltabek Mukashev made
such statement at the company presentation for
investors Thursday in Almaty.
Along with that he indicated that positive outlooks
rest on actual technological capacities of the company
and external factors dealing with
the world market of gold.
Thus, this year the company plans to continue its
activities on Mizek gold ore mine (eastern Kazakhstan)
which is the most unique and promising one not only
in Kazakhstan but also in Central Asia.
He added at the moment there is gold processing plant
on site with design capacity 3 tons p.a.
The major task of the company for this year is to
launch mobile complex at Zhaima mine (also in the east)
requiring 300 ml tenge investments.
Along with that Charaltyn is going to conduct
geological surveys on other deposits within
Charski gold ore belt requiring 70 m tenge
investments.
There are also some plans dealing with silver recovery
not only in Eastern Kazakhstan but also in
Northern Kazakhstan and CIS countries.
Commenting on company's financial results for 2003
Mukashev informed that under un-audited data, its
sales volume was 2.21 bn tenge, assets 5.119 bn tenge
(according to audited data of 2002 - 3.15 bn tenge),
liabilities 1.691 bn tenge (1.885 bn), equity
capital 3.427 bn tenge (1.165 bn).
Along with that manufacture prime cost in 2003
was $190 for ounce.
Meanwhile the company head has forecasted insignificant
growth of products prime cost for 2004 up to $200 for
ounce that first of all has to deal with tenge
strengthening.[/B]
Charaltyn founded in 1994 recovers gold on deposits
of Eastern Kazakhstan --
-- Currently its Gold reserves in entrails owned
by the company exceed 85 tons.
The region is among the world’s major Au producers.
- It hosts giant (>10 M oz) and
- medium to large orogenic
(mesothermal) Au deposits of -
- the world-class occurs -
- Pb-Zn (Ag-Cu-Au) deposits
- Maikain, Mizek, Tekeli, Shalkiya, Rudny Altai
- (VMS, sedex, sediment-hosted), with major
production from Rudny Altai.
MIZEK -
Dates: 1996 to 1998
Location: Kazakstan
KCA conducted a complete laboratory testing program including
bottle roll, agglomeration and column leach tests
for this heap leach project.
KCA then completed a definitive feasibility study
for a 4000 tonne per day heap leach facility.
All elements of mining, processing, and
infrastructure were included in the study.
KCA provided detailed engineering
and construction management
services for site earthworks,
including the leach pad and
process ponds.
1997 Projected to produce -
80,000 oz gold during the first
full year of prduction -
feasibility study underway -
KAPPES, CASSIDAY & ASSOCIATES
(KCA) has been performing commercial testing
services aimed at providing data for the heap leaching of
gold and silver ores since 1972.
While widely known for its heap leach
range of metallurgical processes.
“Charaltyn” has a license for processing Charsky zone,
which covers 12 thousand square kilometers in
East Kazakhstan.
The company also owns Mizek deposit in East Kazakhstan
and 70% of LLP “”Nurgrim” that has a license for
processing Sugatovskoye and Butabai deposits.
Note - some of the largest undeveloped gold deposits
in the world, are a few gold projects in
Kazakhstan the new frontier
of gold expl. projects...
http://www.ivarkreuger.com/gold.htm
Precious Metals Spot Price's
<image src=http://kitconet.com/images/sp_en_8.gif>
thanks for the info $$ <img src=images/emoticons/smiley.gif>
Eurasia is a tier 1 company and trades under the symbol “EGX”
on the Canadian Venture Exchange.
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
For more information please visit Eurasias website: http://www.eurasiagold.com
Position: LONG
STRONG BUY
imo, Best regards
Eurasia Gold Corp. (EGX:TSX-V) UP + 38.46% TODAY!
http://www.stockhouse.com/bullboards/viewmessage.asp?no=8048725&t=0&all=0&TableID=0
http://www.ivarkreuger.com/gold.htm
Rgds,
Interesting currency charts
http://www.ivarkreuger.com/charts.htm
Buying opportunity in the Gold Producer Eurasia Gold Corp.
Eurasia Gold Corp. (EGX:TSX-V)
Eurasia is a tier 1 company and trades under the symbol “EGX” on the Canadian Venture Exchange.
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Eurasia Gold Corp.
Suite 2215 - 120 Adelaide Street West
Toronto, Ontario, Canada M5H 1T1
Phone: 416.504.2899 Fax: 416.504.2729
http://www.ivarkreuger.com/gold.htm
imo,
Derivatives, as Warren Buffett has described them,
are financial weapons of mass destruction capable
of taking down and destroying the global
financial system.
If the derivative market implodes as I think it
will eventually, the financial markets will cease
to exist in their present form.
Investors and speculators will be looking for
GOLD & Platinum PGMs stock as a safe haven.
http://www.ivarkreuger.com/gold.htm
imo, Best regards
Good Opportunity in Eurasia Gold Corp
Eurasia Gold Corp. (EGX:TSX-V)
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Website
http://www.eurasiagold.com
http://www.ivarkreuger.com/gold.htm
imo, Best rgds
The Kazakh Government has placed a priority on the development of the Gold industry.
Eurasia Gold Corp. (EGX:TSX-V)
http://www.ivarkreuger.com/gold.htm
Eurasia Gold Corp.
www.eurasiagold.com
The stock (EGX:TSX-V)
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Kazakhstan
http://www.scottishtorymeps.org.uk/stevenson/issues/articles/archive_2000/article4.htm
The Eurasian Texas
http://www.ivarkreuger.com/gold.htm
Liberty
http://www.ivarkreuger.com/liberty.htm
The EGX Gold Challenge is to find:
a profitable, overlooked, extremely undervalued, $200 /ounce low cost
Gold Producer, currently trading @ cents.
EURASIA GOLD CORP. (EGX:TSX-V) (Toronto)
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
EURASIA GOLD CORP.
Two operating Gold Producing Gold Mines
Low cost ($200.00 /ounce) Gold Production from two operating
Gold Producing Gold Mines.
50 to 60 additional Gold Deposits to be mined.
(Feasability studies made by the former soviet union.
Today Kazakhstan is free and independent)
Highlights from Q3, 2003 earning report ( in US dollars )
amount of Gold produced was 8,596 ounces
amount of Gold sold was 7,443 ounces
average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
deduct the expansion cost of the heap leach pads to expand the
EGX Gold production and You will find a production cost of about
$200.00 per ounce
Gold was sold at an average price of $362.89/oz
revenue was $2,701,000
net profit was $169,000 (only from 3rd Q3, 2003 earning report)
plus the Gold 1153 ounce produced - and to be sold at a higher price
Record production of 8,596 ounces of gold during the third quarter
7,443 ounces were sold during the 3rd quarter
It is the Company’s policy to operate as an unhedged gold
producer in order to allow shareholders to benefit from any rise in
the gold price.
It is Eurasia’s objective to increase its annual gold production
incrementally to 60,000 ounces.
it is proposed that an additional exploration of ore zones at
Central Mukur will be initiated to further increase the mineable
reserves during 2004.
The Kazakh government has placed a priority on the development of
the gold industry.
Eurasia Gold Corp. (EGX:TSX-V) Toronto, (EAGCF:OTC:BB) Nasdaq.
http://www.eurasiagold.com
In 1996 when Price Of Gold was around $400 /ounce, EGX hit $.90, and
that without any significant Gold production.
Today the Price Of Gold is around $400 /ounce and Eurasia Gold Corp. produces Gold with a profit.
EGX is currently trading around increadibly low 10 cents per share,
while the upper hidden trend-line is aiming at fair market value $2 /share.
Eurasia Gold Corp. all-data-chart
http://cbs.marketwatch.com/charts/int-basic.chart?siteid=mktw&symb=ca:egx&sid=47743&time....
imo, Best regards
The EGX Gold Challenge is to find:
a profitable, overlooked, extremely undervalued, $200 /ounce
low cost Gold Producer, currently trading @ cents.
EURASIA GOLD CORP. (EGX:TSX-V) (Toronto)
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
EURASIA GOLD CORP.
Two operating Gold Producing Gold Mines
Low cost ($200.00 /ounce) Gold Production from two operating
Gold Producing Gold Mines.
50 to 60 additional Gold Deposits to be mined.
(Feasability studies made by the former soviet union.
Today Kazakhstan is free and independent)
Highlights from Q3, 2003 earning report ( in US dollars )
amount of Gold produced was 8,596 ounces
amount of Gold sold was 7,443 ounces
average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
deduct the expansion cost of the heap leach pads to expand the
EGX Gold production and You will find a production cost of about
$200.00 per ounce
Gold was sold at an average price of $362.89/oz
revenue was $2,701,000
net profit was $169,000 (only from 3rd Q3, 2003 earning report)
plus the Gold 1153 ounce produced - and to be sold at a higher price
Record production of 8,596 ounces of gold during the third quarter
7,443 ounces were sold during the 3rd quarter
It is the Company’s policy to operate as an unhedged gold
producer in order to allow shareholders to benefit from any rise in
the gold price.
It is Eurasia’s objective to increase its annual gold production
incrementally to 60,000 ounces.
it is proposed that an additional exploration of ore zones at
Central Mukur will be initiated to further increase the mineable
reserves during 2004.
The Kazakh government has placed a priority on the development of
the gold industry.
Eurasia Gold Corp. (EGX:TSX-V) Toronto, (EAGCF:OTC:BB) Nasdaq.
http://www.eurasiagold.com
In 1996 when Price Of Gold was around $400 /ounce, EGX hit $.90, and
that without any significant Gold production.
Today the Price Of Gold is over $400 /ounce and Eurasia Gold Corp. produces Gold with a profit.
EGX is currently trading around increadibly low 10 cents per share,
while the upper hidden trend-line is aiming at fair market value $2 /share.
Eurasia Gold Corp. all-data-chart
http://cbs.marketwatch.com/charts/int-basic.chart?siteid=mktw&symb=ca:egx&sid=47743&time....
imo, is there a better deal than EGX, go ahead, make my day!
Best regards,
Russia to Claim Tsarist Gold from Japan
Created: 23.04.2004 11:46 MSK (GMT +3), Updated: 16:27 MSK, 7 hours 12 minutes ago
http://www.mosnews.com/money/2004/04/23/czaristgold.shtml
MosNews
The Russian Foreign Ministry said on Thursday that Russia wants to start talks with Japan to return $80 billion worth of the last Tsar’s gold. The gold ended up in a Tokyo bank in the chaotic years of the Russian Civil War, which followed WWI and the Revolution of 1917.
The gold was shipped to Japan by a White Army commander, Admiral Alexander Kolchak, who fought the Bolsheviks in Siberia. The issue of Czarist gold along with a territorial dispute over the Kuril Islands in the Far East remains a serious stumbling block on the path to warmer relations between Moscow and Tokyo. No further progress has been made since the question of gold sprang up to the top of the negotiating agenda, but recently Russia has made “certain investigations and inquiries to the Japanes side”, Russian Interfax news agency reported, quoting Foreign Ministry spokesman Alexander Yakovenko.
The documents which testify that Admiral Kolchak sent at least 22 boxes filled with gold ingots to Japan for storage were revealed by Russia in 1994. Researcher Vladlen Sirotkin, in a widely publicized study said in 2000 that the gold was given to Japan in exchange for weapons, but the White Army commander received no military hardware. Sirotkin estimated that taken into account the interest for the time that the gold has been in Japan, it would now be worth $80 billion. This sum is almost the same as Russia’s total gold and foreign currency reserves and would be enough to pay off two thirds of Russia’s foreign debt.
Interfax agency has said that the gold is now held at Japan’s Bank of Tokyo Mitsubishi. However, the sources in the Foreign Ministry admit that a lack of evidence prevents Russia from turning it into a big diplomatic issue. Japan has not officially commented on the matter so far.
Tsarist gold in Japan is not the only Russian property residing abroad. Reuters writes that according to some estimates Russia has claims of up to $400 billion worth of foreign property, including tons of Tsarist gold stored in Japanese, European and U.S. banks.
Eurasia Gold Corp. is a tier 1 company, trading under the symbol "EGX" on the Canadian Venture Exchange
EURASIA GOLD CORP. = EGX:TSX-V @ The Canadian Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold produced was 8,596 ounces.
- amount of Gold sold was 7,443 ounces.
- average production cost for the 9 months was $246.00/oz (incl. cost for expansion of heap leach pads etc.)
- deduct the expansion cost of the heap leach pads to expand
the EGX Gold production and You will find a production cost of
about $200.00 per ounce.
- Gold was sold at an average price of $362.89/oz.
- revenue was $2,701,000.
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
- plus the Gold 1153 ounce produced - and to be sold at a higher price.
EGX is extremely undervalued and it's a bargain opportunity to get in now,
and remember, there's no substitute for Gold-stocks, but more Gold-stocks,
imo, Best regards,
http://www.eurasiagold.com
Posted by W @ St.H. Apr. 3, 2004
EGX only has a $1.90 climb to its hidden upper trend line @ $2.00.
Increasing POG will help boost EGX to over $10. IMO /W
CA:EGX Eurasia Gold Corp (TSXV)
PS. The Andas-Altyn Mining Company / Eurasia Gold Corp. PAST NEWS RELEASE:
13,011,640 tonnes at an average grade of 1.93 grams Gold per tonnes
= 13,011,640t x 1.93g = 25,112,465 grams GOLD - AU 0.9999
25,112,465 grams GOLD - AU 0.9999 = 837,082 ounces of GOLD
837,082 AU ounces of GOLD x $427/oz = $357,434,080.00 (fiat dollars)
imo, Best regards
PS. http://www.ivarkreuger.com/gold.htm
If you missed out on TASR
Don't miss out on EGX - Eurasia Gold Corp - GOLD PRODUCTION
The Eurasia Gold Corp Shares
Eurasia Gold Corp. symbol EGX @ the Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
info: http://www.ivarkreuger.com/gold.htm
imo, Best regards
Eurasia Gold Corp.
2215 - 120 Adelaide St W
Toronto ON Canada M5H 1T1
Phone: 1(416) 504-2899
Fax: 1(416) 504-2729
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
Eurasia Gold Corp. (EGX:TSX-V)
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
http://www.ivarkreuger.com/gold.htm
http://www.ivarkreuger.com/liberty.htm
imo, remember, there's no substitute for Gold-stocks, but more Gold-stocks
GOLD $418.10 +$6.00
EURASIA GOLD CORP. EGX:TSX.v
Highlights from Q3, 2003 earning report ( in US dollars )
Amount of Gold produced was 8,596 ounces
Amount of Gold sold was 7,443 ounces
Average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
Deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00 per ounce
Gold was sold at an average price of $362.89/oz
Revenue was $2,701,000
Net profit was $169,000 (only from 3rd Q3, 2003 earning report)
Plus the Gold 1153 ounce produced - and to be sold at a higher price
Eurasia Gold Corp.
2215 - 120 Adelaide St W
Toronto ON Canada M5H 1T1
Phone: 1(416) 504-2899
Fax: 1(416) 504-2729
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
imo, Best regards
GOLD 412.30 EGX STRONG BUY
EGX - Eurasia Gold Corp @ the Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
EGX is oversold
EGX is extremely undervalued
EGX is undiscovered, so far
EGX is a good opportunity for any investor
Eurasia Gold Corp, All data
EGX has barely started to move, yet..
In 1996 when POG was $400 /ounce, EGX hit $.90
Today POG is around $400 /ounce (soon $500+ /ounce), Eurasia Gold Corp
PRODUCES GOLD WITH A PROFIT, and the EGX shares should of course be
higher than $.90 - closer to $2.
Anything under $.90 is very, very cheap for this baby.
Eurasia Gold Corp, 6 Months
It's quite difficult to find a $200 /ounce low cost Gold Producer,
trading under dollars
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold produced was 8,596 ounces.
- amount of Gold sold was 7,443 ounces.
- average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
- deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00
per ounce.
- Gold was sold at an average price of $362.89/oz.
- revenue was $2,701,000.
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
- plus the Gold 1153 ounce produced - and to be sold at a higher price.
Other than Eurasia Gold Corp, I don't think there is one, and EGX / EAGCF
is extremely undervalued and it's a very good deal to get in now,
remember
There's no substitute for Gold-stocks, but more Gold-stocks,
http://www.eurasiagold.com
imo, Best regards,
EGX / Short Bullish / Long Bullish
CandleStick Analysis Very Bullish
Date Candle
Mar-15-2004 Bullish Harami
Mar-12-2004 Homing Pigeon
Mar-11-2004 Homing Pigeon
Mar-10-2004 Inverted Hammer
Mar-09-2004 Homing Pigeon
EGX - Eurasia Gold Corp @ the Toronto Venture Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EGX is oversold
EGX is extremely undervalued
EGX is undiscovered, so far
EGX is a good opportunity for any investor
Eurasia Gold Corp, All data
EGX has barely started to move, yet..
In 1996 when POG was $400 /ounce, EGX hit $.90
Today POG is around $400 /ounce (soon $500+ /ounce), Eurasia Gold Corp
PRODUCES GOLD WITH A PROFIT, and the EGX shares should of course be
higher than $.90 - closer to $2.
Anything under $.90 is very, very cheap for this baby.
Eurasia Gold Corp, 6 Months
It's quite difficult to find a $200 /ounce low cost Gold Producer,
trading under dollars
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold produced was 8,596 ounces.
- amount of Gold sold was 7,443 ounces.
- average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
- deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00
per ounce.
- Gold was sold at an average price of $362.89/oz.
- revenue was $2,701,000.
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
- plus the Gold 1153 ounce produced - and to be sold at a higher price.
Other than Eurasia Gold Corp, I don't think there is one, and EGX / EAGCF
is extremely undervalued and it's a very good deal to get in now,
remember
There's no substitute for Gold-stocks, but more Gold-stocks,
http://www.eurasiagold.com
imo, Best regards
NY Mar 15 Gold, Silver, Platinum, Palladium Firm
New York, March 15 - Gold futures on the Comex
division of the New York
Mercantile Exchange headed sideways
in a narrow range Monday to match the low-key
consolidatory pattern of U.S. dollar trade
through the day.
The most-active Gold Apr contract settled $4
higher at $399.60 per ounce.
Apr Gold started firmly after a spate
of weakness in the U.S. dollar
overnight combined with claims over
the weekend that al-Qaida was linked
to last week's Madrid bombings rekindled
speculator buying interest in the
precious metal.
But, the U.S. dollar managed to reverse its
course through the Comex session in the wake
of news that U.S. industrial production rose
in February to choke off some of the early demand
for gold and leave prices lacking sustained lift.
However, selling interest remained light through the
day as players were reminded of the increased
geopolitical uncertainty following the terror
attacks in Madrid and elsewhere recently.
As a result, Apr gold managed to settle the day with
a gain despite having
mainly lateral movement through the session.
Dealers said prices were likely to continue
meandering in a $395-$407 range over the coming
days until the U.S. dollar breaks decisively out
of its current largely sideways track.
The same consolidatory outlook applies to spot metal,
which quietly held up in a $397-$401 range during the
New York trading hours.
A $395-$405 range is seen holding forth near term,
with a $393-$407 range seen confining activity in
the longer run.
May silver also held to a narrow path and
neglected to appear outside a
$7.095-$7.165 range through the session.
Speculators are expected to prove reluctant
to push prices beyond nearby
resistance at $7.20 to the upside and $7.00 to
the downside over the coming
days as they await a clearer U.S. dollar trading
pattern to develop on the
currency markets.
Nymex Apr platinum nosed to three-day highs
of $914.80 on light speculative bids amid a
scarce-seller environment.
Dealers said that while prices are likely to
remain higher facing, fund
players are expected to become increasingly
hesitant about chasing prices higher while
the U.S. dollar lacks clear-cut direction.
Upside targets include $917, $920 and $925 initially.
Jun palladium stretched to fresh contract highs
early of $285 before wilting to below the $280 mark by
settlement as early fund interest waned.
A $270-$287 range is seen prevailing near term.
Settlements:
London PM Gold Fix: $398.10, Vs $398.00 Friday U.S.
spot gold 1340 ET: $399.45, up $2.83 from Open;
Range: $395.25-400.95
Apr gold (RGCJ04) $399.60, up $4.00;
Range: $397.30-401.00
May silver (RSIK04) $7.140, up $0.077;
Range: $7.095-7.165
Apr platinum (RPLJ04) $914.00; up $6.90;
Range: $909.00-914.80
Jun palladium (RPAM04) $279.75, up $1.20;
Range: $278.00-285.00
Eurasia Gold Corp. ~ EGX GOLD MINES
(EGX:TSE.V, EAGCF:Nasdaq-OTCbb)
The EGX Precious Metal Gold Mines -
havr just started to move back UP
its a long way to hike and EGX will GO
higher than any time before, EGX has two
Gold Mines in Gold poduction of more than
30,000 Au ounces per year for about $200/oz
and plenty of more hard assets Gold Mines
& Au deposits than EGX ever had in the past,
see You at the sweet EGX TOP...
thank you, its the reflexion of the EGX facts bellow,
EGX is a very good Gold Mine Producer
at about $225/oz and making a very good
profit...
Eurasia Gold Corp. (EGX:TSE.V, EAGCF:Nasdaq)
About The EGX Company
Gold Mining Projects:
and its financial highlight reports
Eurasia Gold Corp, ( v.EGX, EAGCF:Nasdaq )
is a Gold producing company
incorporated in Canada and headquartered
in Toronto, Ontario.
The EGX company operates two Gold Mines in Gold
production, in the Republic of Kazakhstan through
its wholly owned
subsidiary, Andas-Altyn LLP.
The EGX company’s primary business is mining and
processing Gold as well as acquiring and developing
additional Gold deposits in Kazakhstan.
The EGX Gold Mines use conventional open-pit mining
methods and Gold is extracted by heap leaching.
EGX GOLD Mining Projects
The two EGX Gold Mines projects in Gold production
have an estimated resource of 850,000 ounces
of GOLD.
The Gold Ore ($420 x Au 850,000 ounces = $357,000,000.00)
The Central Mukur and Myaly mining licences
host 59 known Gold deposits
zones of oxide mineralization.
Six of these zones were mined during the years.
The remaining Gold zones are at various stages
of exploration or mine development to ensure
continuity of Gold mining operations.
It is Eurasia’s objective to increase its
annual Gold production incrementally
to Au 60,000 ounces.
Increase in Gold production will come through
increasing the production capability of the
two EGX existing Gold producing projects,
and through development of the other EGX oxide
deposits in Kazakhstan.
~ EGX with 67 zones of oxide mineralisation
remain to be further developed/explored,
according to Minesite.
EGX 3rd Q-report to Sept. 30, 2003,
Throughout this report, all amounts from
www.sedar.com and are all in
United States currency unless specified:
•A record production of 8,596 ounces of Gold
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
• Gold sold during the first nine months was 17,778 ounces
of which 7,443 ounces
were sold during the 3rd quarter
Net Income/ profit for the 3rd quarter
period US$ 169,000.00 + an amount of
Gold 1,153 ounces produced in the 3rd Q.
but kept back to be sold a higher price -
POG.
EGX 3rd quarter Gold production a new EGX
Quarter Record of 8,596 ounces produced
of which only 7,443 ounces were sold during
the 3rd quarter
= 1,153 ounces kept x $400/oz
= US$461,200.00 plus US$169,000.00
= Total US$ 630,000.00 -
REAL PROFIT (if all 3rdQ. produced Gold been sold).
In reality EGX Net Income / profit for the 3rd quarter
period total US$ 630,000.00
(if EGX sold all of the Gold production
they produced under the 3rd quarter)
Other:
Recoverable Gold on the pad as
at September 30, 2003 9,582 ounces
Btw. GOLD to fly high...
GOLD 2004 Bull Reflextion of 1980 Bulltrend
GOLD 2002 - 2003 is a mirror reflection of
GOLD 1978 - 1979,
GOLD 2004 to be a mirror reflextion of
GOLD 1980 - Bulltrend,
GOLD TA on strong Bulltrend TI Longterm comeback...
We may see Gold make a repeat of 1st week of Oct.
mmm's try shakeout of weak apples.
Fast down - fast UP - mirror reflextion!
This time Gold will blow through $430 and
stay above that level.
Fibonacci Price Levels:
Frequently, reaction trends will be 62% of
the prior trend, and new trends will be
162% of the previous correction, in the
normal market (without mmm-bankster
manipulations).
GOLD
We may see Gold make a repeat of 1st week of Oct.
mmm-banksters's try shakeout of weak apples.
Fast down - fast UP - mirror reflextion!
This time, next bull leg Gold
will blow through $430 and
stay above that level,
for a long time
• For the nine months ended September 30, 2003,
EGX revenue from Gold sales was $6,214,000.
• Gold prices received during the 9 months
averaged $350 per ounce.
• Total cash operating cost for the 9 months
averaged $246 per ounce. (due to and incl. the cost
for expansion of additional heap leach pad construction.)
• General and administrative expenses were $287,970,
equivalent to $16 per ounce.
Operating costs
• The total cash cost of production for the first nine
months averaged $246 (due to and incl. cost for
additional leach pad construction.)
compared with $230 for
the corresponding period of 2002.
Still classified as a very low cost Gold producer
when the Gold Price - POG is above $400/oz.
• It is the Company’s policy to operate as an unhedged
gold producer in order to allow shareholders to
benefit from any rise in the gold price.
On behalf of the Board of Directors
Graham Bevan
President
November
---
At 10,000 oz x $175/oz profit = US$1,750,000.00
in profit, if POG staying above $400/oz.
Best Regards
Shares ownership structure
shares oustanding: 118,332,250
shares held in escrow: 3,900,000
shares held by Thistle Mining and CIDEM: 68,269,253?
shares held by directors and officers: 4,283,437
shares held by retail/instituition, investors,
( float ): 41,879,560
EGX Eurasia Gold Mines in Kazakhstan,
A record production of GOLD Au 8,596 ounces of
GOLD was precipitated during
the 3rd quarter of 2003,
compared to 7,328 ounces
in the 2nd quarter
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold produced was 8,596 ounces
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months
- was $246.00/oz incl. cost for expansion of
- heap leach pads etc.
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
Outlook for 2004
We can expect large increase in revenue and profit
in the upcoming quarters as Eurasia will greatly
benefit from much higher Gold prices -
the average POG in the 4th quarter of 2003
has bee much higher than the 3rd Q.
Management has also proposed that an additional
exploration of ore zones at Central Mukur will
be initiated to further increase the mineable
reserves during 2004.
The EGX Board is continuing with its chosen
strategy of running the company on an
un-hedged basis.
The combination of higher Gold prices,
increase revenues, and the 2004 exploration program
can help lift EGX to new height.
Eurasia is a small and low cost Gold producer
that will offer investors the best leverage
in a rising Gold bull market, imo.
The current value today of the two EGX Gold Mines
development and infrastructure would be
about $40 millions.
Add the value of 59 more Gold deposits with
feasibility studies, and nearly
30 years of exploration activities made by
the Soviet will indicate Eurasia's market
cap of CDN $14,2 millions as of
Jan. 29, 2004 to be extremely undervalued.
Highlights from Q3, 2003 earning report ( in US dollars )
"Positive earnings immediately put EGX a Gold Mining
company above 95% of all the others Gold producers
who has production and losing money -
or only have eploration projects requiring
$10's of million to get into
the Gold production.
EGX earnings have showed a good increase
from one quarter to the next, you may be able
to profit greatly from the underlying shares,
especially early in the Gold bull trend and
EGX increasing earnings continues...with higher
POG and higher production in every quarter,
a basic company rule to survive by making more
money than it spends.
http://www.eurasiagold.com/goldprod.html
http://www.ivarkreuger.com/gold.htm
imo, Best regards, :)
Eurasia Gold Corp Very Bullish
Eurasia Gold Corp. Chart
Eurasia Gold Corp Website
http://www.eurasiagold.com
Eurasia Gold Corp @ TSE
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
http://www.kitcomm.com/showthread.php?s=623419989c5f7dbb3acc53254bc3d23d&threadid=4305
DD. Eurasia Gold Corp.
imo, Best regards,
The Eurasia Gold Corp. opportunity
Highlights from Q3, 2003 earning report ( in US dollars )
Amount of Gold produced was 8,596 ounces
Amount of Gold sold was 7,443 ounces
Average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
Deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00 per ounce
Gold was sold at an average price of $362.89/oz
Revenue was $2,701,000
Net profit was $169,000 (only from 3rd Q3, 2003 earning report)
Plus the Gold 1153 ounce produced - and to be sold at a higher price
The Eurasia Gold Corp. Stock
EURASIA GOLD CORP. = EGX:TSX-V @ The Canadian Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EURASIA GOLD CORP. = EAGCF:OTC:BB @ Nasdaq
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=eagcf
Eurasia Gold Corp.
2215 - 120 Adelaide St W
Toronto ON Canada M5H 1T1
Phone: 1(416) 504-2899
Fax: 1(416) 504-2729
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
Summary:
* Profitable Low Cost Gold Production
* Extremely Undervalued and oversold
* 2 Operating Gold Producing Gold Mines
* +50 more Gold Deposits to be Mined
* +1153 ounce of unsold Gold, to be sold later at higher price
* Long, Strong Buy!
imo, Best regards,
Undervalued Profitable Gold Producer
It's quite hard to find a $200 /ounce low cost Gold Producer!
EURASIA GOLD CORP. = EGX:TSX-V @ The Canadian Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EURASIA GOLD CORP. = EAGCF:OTC:BB @ Nasdaq
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=eagcf
Highlights from Q3, 2003 earning report ( in US dollars )
Amount of Gold produced was 8,596 ounces
Amount of Gold sold was 7,443 ounces
Average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
Deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00 per ounce
Gold was sold at an average price of $362.89/oz
Revenue was $2,701,000
Net profit was $169,000 (only from 3rd Q3, 2003 earning report)
Plus the Gold 1153 ounce produced - and to be sold at a higher price
Eurasia Gold Corp.
http://www.eurasiagold.com
Other than Eurasia Gold Corp, I don't think there is one,
Get on the EGX / EAGCF train!
imo, Best regards
Twelve European central banks Renew Gold Pact -
Gold closes off session lows as central banks
limit sales - UPDATE
SAN FRANCISCO (AFX) - Gold futures fell Monday after
rising nearly 9 usd an ounce in the previous session,
but prices closed well off session lows following a
pledge by certain European central banks to renew a
pact that limits Gold sales.
Gold for April delivery closed at 400.90 usd an ounce
on the New York Mercantile Exchange, down 70 cents
for the session, but above the intraday low
of 399.20 usd.
The contract climbed 2.2 pct on Friday.
Twelve European central banks said they will renew
their agreement to limit gold sales to 500 metric
tons per year for the next five years.
The agreement commences on September 27, when a
previous pact, known as the Washington Agreement,
expires.
The pledge "was not motivated by any concern from
Gold producers, but rather by the central banks'
self interest in preserving the value of Gold,"
Alberto Arias, an analyst at Goldman Sachs, said
in a research note Monday.
The World Gold Council said the decision "reflects
the central banks' understanding of the Gold market".
The council applauded the move by the banks to
identify Gold as an important element of global
monetary reserves. GOLD THE ONLY REAL MONEY
The UK government has said it will not participate
in the pact, though it has no plans to sell Gold
from reserves.
The market was generally expecting the agreement
to entail 550 metric tons per annum, so "only 500"
is actually bullish, said John Vail, a senior
strategist at Mizuho Securities USA.
The previous pact, however, had a smaller limit
of 400 metric tons.
While Germany's Bundesbank is part of the deal,
it may not sell any gold from its reserves
"because the majority of (its) board is not
supportive of selling any," said Vail.
[They act with common sense - don't want to be
lycnched by the peoples mob later!]
Though the pact will not take effect until September,
the "perception" of agreement has provided some
market support, he said.
For shorter-term direction, the metals market
continues to take its directional cue from
the currency exchange.
The US dollar hit a five-month high against the
Japanese yen Monday, amid bets Japanese authorities
will continue to defend their export market by
buying greenbacks?
Weak US employment data --
a much smaller-than-expected 21,000 rise in nonfarm
payrolls for February --
weighed on the dollar Friday, and in turn
sent Gold higher.
--
A new dollar free of the obligations of the old dollar
could then be launched --
What If US Reneges on its Dollar Obligations?
This isn't idle doomsday speculation, because
the American budget and current account deficits
cannot keep ballooning indefinitely
By ANTHONY ROWLEY
IN TOKYO
JAPANESE Finance Minister Sadakazu Tanigaki's suggestion
that Japan might consider diversifying its massive
foreign exchange reserves provoked speculation about
possible dollar dumping on a huge scale by Asian
governments and also set the gold market alight briefly.
http://business-times.asia1.com.sg/mnt/media/image/launched/2004-03-03/ardollar-211336.jpg
Grim for the greenback: as the US economy's ability
to absorb Asia's surplus production is not infinite, a
two-tier exchange rate
***- 'new' and 'old' dollars -*** may soon be needed
But it has also set some people thinking about what
might happen if the United States were forced to
renege on its huge overseas dollar obligations at
some point in time.
This is more than idle doomsday speculation because
there are historical precedents.
It is true that there has long been speculation that
the massive overhang of dollars held overseas could
one day come back to haunt the US, and that the tail
might start wagging the proverbial dog if external
factors began to dictate domestic monetary policy.
When the dollar-denominated Eurobond market (not to be
confused with euro-denominated bonds) was launched back
in the 1960s, there were fears of a massive migration of
dollars overseas and of possible consequent dollar
dumping.
From time to time, too, economists have talked about
what would happen if Middle Eastern sheikhs switched out
of pricing oil in dollars (which Saddam Hussein had the
temerity to consider doing), if Malaysia and others
switched out of dollars and into gold dinars, or if the
euro were to supplant the dollar as the international
reserve and transaction currency of choice.
But the dollar has remained largely unchallenged -
until now, that is.
What is new is that the Bush administration is creating
the greatest budget and current account deficit of all time.
The total level of outstanding US government debt last
month passed the US$7 trillion mark for the first
time ever (beating even super-debtor Japan).
At over 5 per cent of GDP, the US external deficit is no
slouch either when it comes to achieving a blow-out.
Asian central banks that own a collective US$2 trillion
of official reserves - mainly in the form of dollars -
are plainly aware of the fact that the twin US deficits
are yawning ever wider, and that the dollar correction
needed to close the external deficit could expose them
to major losses on their dollar holdings.
But the dilemma that many of them (critically, Japan and China)
face is that for as long as they insist on buying economic
recovery through exports, they have to buy dollars too
in order to stem appreciation of their currencies.
This situation will not continue indefinitely, however,
because the ability of the US economy to absorb Asia's
(and the world's) surplus production - surplus because
it exceeds current domestic demand by such a large margin -
is not infinite.
The day of reckoning could come a lot faster than many
people expect as the US presidential election approaches
in November, and as Democratic candidates John Kerry and
John Edwards vie with one another to establish their
protectionist credentials.
Once exporting to the US ceases to be the easiest game
in town for both Japan and China, they may well decide
to unwind some of their huge holdings of US Treasury
securities - which, at around US$1 trillion in aggregate,
account for a large part of the total amount of US government
debt held overseas.
If either (or both) of these countries begins edging towards
the exit on US dollar holdings, other central banks might
try to beat them to the door.
A general dumping of US dollars could then ensue.
It is not only foreign central bank holdings of dollars
that are vulnerable.
Around 50 per cent of the total US dollar notes in
circulation (around US$1 trillion) is reliably estimated
to be held offshore (in suitcases in Colombia, as one
Tokyo economist put it to this writer) and the potential
for at least some of these to be cashed in too is very real.
But whether a true cashing in would be possible in such
circumstances is open to debate.
About the only commodity that the US Treasury or Federal
Reserve could use in order to honour its nominal obligation
to dollar holders is gold, since the great bulk of US
official reserve assets is held in gold form rather than
in non-dollar currencies.
Having closed its gold window back at the start of the 1970s,
however, leading to a massive official devaluation of gold,
the US is unlikely to wish to dish out gold freely
at this point.
A more likely scenario, as one veteran monetary affairs
expert in London put it, is of the US possibly freezing
its overseas liabilities, or holding them in a special
account. In such circumstances, he noted the US would
present this as being in the interests of the world economy
and of preserving the US dollar as an international currency.
You would move to a two-tier exchange rate -
- old dollars and new dollars -
and then you would have endless meetings of finance ministers,
central bankers and the International Monetary Fund (IMF)
about setting up a special account.
But nobody would want SDRs (special drawing rights) any
longer in exchange for unwanted dollars.
The only way out, this source speculated, would be either
for the US to force Asia and Europe by political muscle to
lend the US further massive amounts officially or to limit
the amounts and time over which holders of old dollar balances,
especially central banks in Asia, could actually spend their
dollar balances. Probably these would continue to attract
interest but could not be actually spent.
A new dollar free of the obligations of the old dollar
could then be launched.
If Asian central banks and others are aware of such dangers,
they are showing little sign of it as yet.
The writer is BT's Tokyo correspondent
http://business-times.asia1.com.sg/story/0,4567,109769,00.html
http://www.tfc-charts2.w2d.com/charts/cdl/CPW.GIF
http://news.tradingcharts.com/futures/9/0/53833609.html
Copper is very strong - all base metals follow
The Mother GOLD or is a scout frontrunner -
http://charts3.barchart.com/chart.asp?vol=Y&jav=adv&grid=Y&org=stk&sym=HGK4&data...
DXY0 - U.S. DOLLAR INDEX Cash (FINEX) making a short term
correction on the down slide,,,,
http://charts3.barchart.com/chart.asp?sym=DXY0&data=A&jav=adv&vol=Y&evnt=adv&gri...
http://charts3.barchart.com/chart.asp?vol=Y&jav=adv&grid=Y&org=stk&sym=DXY0&data...
GCJ4 - GOLD April 2004 (COMEX) the bull correction makes
another buy opportunity, before the 1980 repeat rally,,,
http://charts3.barchart.com/custom/stocks/2068.gif
Platinum is $894.00/oz scout frontrunner for Gold $402.10
EGX Recent CandleStick Analysis - Very Bullish
EGX.C Analysis
Stock Technical Analysis
EGX Recent CandleStick Analysis - Very Bullish
Date Candle
Mar-04-2004 Homing Pigeon
Mar-03-2004 Bullish Harami
Mar-02-2004 Homing Pigeon
Mar-01-2004 Homing Pigeon
Feb-27-2004 Homing Pigeon
It's hard to find a $200 /ounce low cost Gold Producer!
Highlights from Q3, 2003 earning report ( in US dollars )
Amount of Gold produced was 8,596 ounces
Amount of Gold sold was 7,443 ounces
Average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
Deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00 per ounce
Gold was sold at an average price of $362.89/oz
Revenue was $2,701,000
Net profit was $169,000 (only from 3rd Q3, 2003 earning report)
Plus the Gold 1153 ounce produced - and to be sold at a higher price
Eurasia Gold Corp.
2215 - 120 Adelaide St W
Toronto ON Canada M5H 1T1
Phone: 1(416) 504-2899
Fax: 1(416) 504-2729
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
The Eurasia Gold Corp. shares
EURASIA GOLD CORP. = EGX:TSX-V @ The Canadian Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EURASIA GOLD CORP. = EAGCF:OTC:BB @ Nasdaq
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=eagcf
Eurasia Gold Corp.
2215 - 120 Adelaide St W
Toronto ON Canada M5H 1T1
Phone: 1(416) 504-2899
Fax: 1(416) 504-2729
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
Other than EGX, I don't think there is one,
Get on the EGX / EAGCF Gold-train, imo!
Best regards
It's quite hard to find a $200 /ounce low cost Gold Producer!
EURASIA GOLD CORP. = EGX:TSX-V @ The Canadian Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EURASIA GOLD CORP. = EAGCF:OTC:BB @ Nasdaq
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=eagcf
Highlights from Q3, 2003 earning report ( in US dollars )
Amount of Gold produced was 8,596 ounces
Amount of Gold sold was 7,443 ounces
Average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
Deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00 per ounce
Gold was sold at an average price of $362.89/oz
Revenue was $2,701,000
Net profit was $169,000 (only from 3rd Q3, 2003 earning report)
Plus the Gold 1153 ounce produced - and to be sold at a higher price
Other than Eurasia Gold Corp, I don't think there is one, imo.
http://www.eurasiagold.com
EGX Recent CandleStick Analysis - Very Bullish
EGX.C Analysis
Stock Technical Analysis
EGX Recent CandleStick Analysis - Very Bullish
Date Candle
Mar-04-2004 Homing Pigeon
Mar-03-2004 Bullish Harami
Mar-02-2004 Homing Pigeon
Mar-01-2004 Homing Pigeon
Feb-27-2004 Homing Pigeon
It's very hard to find a $200 /ounce low cost Gold Producer!
Highlights from Q3, 2003 earning report ( in US dollars )
Amount of Gold produced was 8,596 ounces
Amount of Gold sold was 7,443 ounces
Average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
Deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00 per ounce
Gold was sold at an average price of $362.89/oz
Revenue was $2,701,000
Net profit was $169,000 (only from 3rd Q3, 2003 earning report)
Plus the Gold 1153 ounce produced - and to be sold at a higher price
The Eurasia Gold Corp. shares
EURASIA GOLD CORP. = EGX:TSX-V @ The Canadian Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EURASIA GOLD CORP. = EAGCF:OTC:BB @ Nasdaq
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=eagcf&symbol=&symbol=&symbol=&s...
Other than EGX, I don't think there is one, Don't miss the blast-off..
imo. Best regards,
Eurasia Gold Corp.
2215 - 120 Adelaide St W
Toronto ON Canada M5H 1T1
Phone: 1(416) 504-2899
Fax: 1(416) 504-2729
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
Old, very old roads are opened again!
Kazakhstan - the central hub of The Eurasian Land-Bridge.
Larger than all Western Europe, Kazakhstan is a vast country of
steppes and mountains rich in natural beauty.
For thousands of years Kazakhstan was also a natural bridge between East
and West, with a northern spur of The Silk Road running through parts of
southern Kazakhstan.
Archaeological finds from the Kazakh region where the northern route
of The Silk Road ran show early trade ties with Europe, China and Persia.
Most of Kazakhstan's Silk Road sites are concentrated in an easily
reached area of the country well served by transport from the
capital, Almaty.
The Gold Man, now at the national museum in Almaty, was a
young Saka prince discovered at the Issyk burial mound not far from
the Kazakh capital, Almaty, in a grave untouched by looters. Dating
from the 4th century BC, the tomb contained over 4,000 finely wrought
golden relics, including a dagger depicting 21 animals.
The Ancient City of Taraz is more than 2,000 years old and over the
centuries grew into a vital commercial centre where Gold,
silver, bronze, silk, leather and other goods were traded.
Old, very old roads are opened again and North American corporations
should make sure to stay on top of the bidding processes for the
Eurasian Land-Bridge.
ALWEG in SEATTLE,
My favorite spot for seafood - SkyCity at the Space Needle
There I get a good view over my Golden Investments!
ALWEG in COLOGNE
Dr. Wenner-Grens revolutionary monorail system seemed in those days
to be a very outlandish idea,
but MAN!! What A Great Invention!!
ALWEG in JAPAN
Osaka (city line) monorail train in depot.
DISNEYLAND ALWEG-MONORAIL
Enormous Road Networks Are Now Re-Opened !!
Kazakhstan - The Heart of Eurasia - A Hub For The Golden Silk Roads
http://www.ivarkreuger.com/gold.htm
It's very hard to find a $200/ounce low cost Gold Producer!
- Eurasia Gold Corp. EGX - Excellent Gold Bargain and the best
GOLD Investment I have found!
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold produced was 8,596 ounces
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months was $246.00/oz
(incl. cost for expansion of heap leach pads etc.)
- deduct the expansion cost of the heap leach pads to expand the
EGX Gold production and You will find a production cost
of about $200.00 per ounce
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
- plus the Gold 1153 ounce produced - and to be sold at a higher price
Eurasia Gold Corp.
2215 - 120 Adelaide St W
Toronto ON Canada M5H 1T1
Phone: 1(416) 504-2899
Fax: 1(416) 504-2729
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
The Eurasia Gold Corp. shares
EURASIA GOLD CORP. = EGX:TSX-V @ The Canadian Stock Exchange
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
EURASIA GOLD CORP. = EAGCF:OTC:BB @ Nasdaq
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=eagcf&symbol=&symbol=&symbol=&s...
I believe that the Eurasia Gold Corp. stock, will go to new highs within short.
EGX is extremely undervalued!
CA:EGX = Eurasia Gold Corp.
38099902 = Gold - Afternoon Fix (Source N M Rothschild)
When EGX reached $.90 in 1996 the POG was around $400 /ounce.
Today, 8 years later EGX has increased the Gold Production and they make a good profit.
EGX - Extremely Undervalued !!
Buy as many EGX / EAGCF stocks you can !!
They can easily 10-fold in short term, and 100-fold in the long term !!
imo, Best regards
The 21st Century Gold Rush
How High Can Gold and Silver Stocks Go?
Higher Than You Might Think!!
The lineups to buy gold resembled movie theatre queues waiting
to see Apocalypse Now.
Gold prices, a barometer of political and economic fears as well as
simple greed, began the 1980s by reaching a record $850 an ounce
in the US / Canada -- right through the top of old scales of value.
The poor man’s precious metal, silver, reached $56 and continued
to rise faster than gold.
Waiting for hours with money in pocket or purse from savings bonds
and savings accounts, they stood in their jeans, ski jackets, bulky
sweaters, construction boots and business suits.
Some carried knapsacks.
They ranged in age from 20’s to middle age.
All believed that, sooner or later, purchasing gold and silver
would pay off.
All but one were buyers.
The solitary seller was cashing in a gift of silver.
“I don’t understand the stock market. Gold is on the front page
and is easy to follow,” said a young woman.
The analysts and economists cite a litany of woes to explain the
new gold rush.
But to gold and silver buyers, last week and this, the most
important factor is that prices are moving and they were
afraid of being left behind, empty handed.
Gold sold in Canada for $268 when 1979 began.
Amazed in the sudden surge above $700, gold devotees begin
to think $1,000 possible soon.
The rocketing prices startle the experts and frighten even the
analysts who forecast a precious metals boom.
The action is so wild that the market experts have stopped
forecasting prices.
The gold explosion is the result of many causes and may have
many effects. Inside, The Financial Post reports on the outlook
for gold and silver.
Industrial users worried about prices, p.4.
Why silver soared faster than gold, p.4.
Canadian traders say silver’s popular, p.4.
Secrecy and ritual in London fixing, p.5.
Comment on the political options, p.6.
Shares in gold stocks look even better, p.17.
Ottawa won’t announce timing of gold sale, p.18.
The Financial Post – January 1980
This front page story was from the top of the gold and
silver market in January 1980 when gold hit $800 and silver
was $50+.
As you might guess, we are years away from any newspaper
articles of this magnitude. But I do predict that by the end of
this decade, there will be news stories published around the
world similar to this 1980 front page story.
If you want to know my price prediction for gold based on solid
historical research, you can read my last essay
“The 5th Wave Advance in Gold” to understand my argument
for the coming explosion in gold. (I’m also very bullish on silver).
In this essay I will focus on gold and silver stocks to see where
they might be going in the next 3-5 years. In the last few months
I have started out on a unique quest…to go back in time to the
1970s and to see what happened to gold and silver stocks when
gold hit $500 then $600 then $700 all they way to the $850+ price
and $50 silver.
I started my research by going to my local library to look at old
newspapers from the 1970s and wow did I find some amazing things!!
My library had The Financial Post newspapers on microfilm all the
way back to 1972 which was the very beginning of the last gold
and silver bull market. I quickly went to work spending hours
poring over the old papers looking for articles and stories on
gold and silver to see if there were any similarities between now
and the 1970s.
There were a few articles about gold from 1972 to 1975, but the
really big stories didn’t really get published until around 1978-79
and especially in January of 1980 with the final blow off top in
both gold and silver.
What I really wanted to uncover from the old financial papers
were old stock tables so I could see how high most gold and
silver stocks got to in January of 1980 and from what level a
few years earlier. What I found was absolutely shocking.
In 1975 most or all of the gold and silver stocks were trading
under $2.
Most were penny stocks under $.50. Even with gold up 400%
from the 1972 low of $60 to the 1975 top of $200, most gold and
silver shares did little to make anyone notice--especially the
mass public who had no idea what was going on.
It was not until gold bottomed out in late 1976 at $100 and into
1977 that gold and silver stocks started their historic bull market.
It would end where some of the prices for gold and silver stocks
were unthinkable only a few years earlier. I printed out stock
tables from 1975 up until the January '80 top and was totally
stunned at what I found. Let me give all you fellow gold and
silver investors and people reading this essay who are thinking
about buying some gold and silver shares a few of the many
examples of the kind of gains that were made in the last gold
and silver bull market a generation ago (before cell phones,
the internet, and p4 computers) so you can have an example
of the kind of gains we may see in the new gold and silver bull
in the 21st century.
Lion Mines – 1975 price $.07 / 1980 price $380
YES, that’s right. It’s not a misprint.
You could have bought 1000 shares of Lion Mines in 1975
for around $50 dollars at 7 cents per share and held on for
5 years riding the wild gold and silver bull until 1980 where
you then sold those same shares for $380 each for a total
profit of around $380,000. Not bad hey!!!!!
This is only one of many more examples:
Bankeno – 1975 price $1.25 / 1980 price $430
Wharf Resources – 1975 price $.40 / 1980 price $560
Steep Rock – 1975 price $.93 / 1980 price $440
Mineral Resources – 1975 price $.60 / 1980 price $415
These are only a handful of gold and silver stocks that participated
in what I consider one of the biggest financial opportunities in the
history of human civilization. I don’t know of any other time
except maybe the .com bubble where in only a 5-year time span
you could have tuned so little into so much wealth. Imagine
buying in 1975 a handful of gold and silver stocks for under a dollar
and selling them in 5 years for $100, $200, or even $500 per share
as gold fever ripped through Wall Street. This is a great example
of the kind of investing philosophy that Dr. Marc Faber talks
about where to be a great investor you only need to make a few
good investment decisions in your whole life to be successful.
This one decision in 1975 to buy just a handful of gold and silver
stocks and sell them near the all time highs of hundreds of dollars
per share could have set you up financially for the rest of you life!!!!.
I truly believe we are at that same juncture as in 1975, but only this
time the fundamentals are even better for gold and silver.
The similarities between the 1970s and today are uncanny.
Here are a few quotes from one of my most cherished books.
“It will be hard for people to believe this but, via inflation, their
own government did them in. Practically on a daily basis in 1974
people saw rising prices in grocery stores, as they received fewer
goods for their dollars. A full-fledged panic away from paper
money could start”.
Or how about this nice quote?
“When people see gold and silver standing alone amidst the
economic ruins, they will realize that we gloom and doomers
were actually right. Hopefully, eternal optimists will pay more
heed to warnings the next time around”.
I like this one the best:
“Too much paper has been printed in the past, and will have
to be wiped out no matter what.”
This is a good one too.
“People say gold is useless. Not true. It is demonstrating its
function right now. Gold is the ballast for the printing press
used in making paper money, and gold relentlessly punishes
offenders”
The list of timeless quotes goes on and on in this awesome
book, but I will leave you with one last quote from this magical
book that is very import and relevant to today’s problems in
the US dollar and the so-called economic rebound.
“It’s dawning on many people that to defend the dollar, US
interest rates will have to go up; else, money will be transferred
from the U.S to England to take advantage of higher interest rates,
and a dollar crisis would ensue. However, if interest rates go up,
this might choke off the boom in our economy. What a dilemma!”
WOW that about sums it up. That quote could have been seen
in many newspapers just this week!!!
Like I said before, the similarities between now and then are
simply stunning. All of these quotes tell the real story of why
gold (and silver) are so important throughout history and that
history does really repeat itself. These quotes are the real
fundamental cornerstone of why gold is in a bull market today
and why the current rally in the general equity markets is only
a bear market rally or a secondary reaction based on 45-year low
interest rates, several tax cuts and by the fed flooding the world
with fiat (unbacked) dollars!! Once the Fed raises interest rates
to save the dollar (Coming to a theater near you!), the stock
markets, bond markets, housing markets and credit markets
will implode.
For anyone reading this essay that would like to know the real
story of why the US dollar is doomed unless the Fed starts to
raise rates fast, I would highly recommend another one of my
most favorite books “The Dollar Crisis” by Richard Duncan.
In this book, Mr. Duncan takes you step by step through the
causes and the consequences of the US dollar crisis. If you
want to know why gold and silver will explode in value, you
must have the information in this book. Here is one small
quote that gives you an example of why gold and silver are
in a bull market and why the dollar is set to fall to much lower
levels in the future:
“Balance of payments deficits of an unprecedented magnitude
have resulted in credit induced economic over heating on a
global scale. The foundations for sustainable economic
growth will not be restored until this flaw is corrected and
the U.S. trade deficit ceases to flood the world with U.S. dollar
liquidity.
That will require that the dollar standard be replaced by a new
international monetary system that does not generate, or even
tolerate, rampant credit creation.”
This current environment for the dollar is horrific to say the least.
Look at these two charts below. One is of the US dollar index and
the other chart is of that the infamous stock, Enron. Don’t these
two charts look very similar!!!
If you believe in the Elliott wave theory like I do--that all financial
charts are based on greed and fear and that those two human
emotions print beautiful fractal (patterns within patterns)
pictures--then these two charts should shock everybody!
(The numbers in the two charts are not Elliott wave counts,
but they are there to help the reader clearly see a similar
pattern in both charts) If the dollar even slightly follows the same
pattern that Enron did--and at this point it really does look that
way--then the US economy, stock market, and social structure
have some very hard times ahead.
The only way to stop the waterfall decline in the U.S. dollar is
for the Fed to raise interest rates to attract more buyers who at
this point are getting better returns in other safer currencies
around the world. But if they do that and raise rates, they will
cause a simultaneous crash in multiple markets (stock, bond,
housing and credit). Only gold and silver and the companies
that take it out of the earth will prosper in that environment.
Greenspan has painted himself into a corner that many believe
he will not be able to get out of.
Investing in gold and silver shares now and holding them for
the next 3-5 years could be the only financial decision you
have to make in your entire life. No need to trade in and out
and get killed on commissions and slippage. Just buy a basket
of gold and silver stocks now when many are still under $5
per share and wait until you see headlines in the newspapers
similar to the one that I opened my essay up with. Remember,
when that front page story was run in January 1980, most gold
and silver stocks were trading over $50 per share and lots were
trading over $100 -$200. Some were trading even as high as $500
per share when only a few years earlier you could have bought
the same stocks quietly for under 1 dollar. I can tell all of you
out there that there is not one gold or silver stock that I know
of that is anywhere close to trading at or over $100 per share.
Just look at the long term picture of the XAU gold/silver stock
index. It is not even close to an all time high yet!!! It just
recently broke out of its massive text book perfect head and
shoulders reversal pattern.
I know it’s hard for most people to think that gold and silver
will surpass their old January 1980 highs of $850+ for gold
and $50+ for silver, but that is what a 20+ year generational
bear market will do to a whole nation of investors who have
grown up with falling real assets (gold and silver) and rising
paper assets (stocks and bonds). When the tide of human
emotion swings and paper assets really start to fall hard
(the day the fed bites the bullet and raises interest rates to
save the dollar), the lust and fever for real assets will be
unbelievable. The .com bubble where many stocks went
from pennies to hundreds of dollars per share will look small
compared to some of the upcoming gains in the first ever gold
and silver bull market of the 21st century. Unlike the .com bubble
that was based on easy financing, false profits and aggressive
accounting, the coming explosion in gold and silver stocks will
be all about supply and demand and a mad fear to protect one’s
savings from paper destruction. When the entire world wants a
piece of the gold and silver stock bull market, there will only be
a limited supply of shares so they will have to be bid up to
unthinkable levels. The gold and silver stock sector is very
small compared to the bond market and the overall stock
market and it won’t take much to push these stocks into
the stratosphere.
I am sure that most of you reading this essay have co-workers
that couldn’t even name one silver stock, but in 3-5 years they
will be telling you what silver stocks to buy and that will be a
sign that the top is near.
The situation for gold and silver are almost perfect. Believe me,
if gold and silver don’t surpass their old 1980 highs in the next
3-5 years, they never will. I strongly believe that after reading
dozens of books and most of the writings on gold and silver
and pouring over newspapers from the 1970s to early 1980s,
that the opportunity in gold and silver and the companies that
mine them in the next 3-5 years is a once in a lifetime opportunity.
Even a modest investment today in a few silver and gold stocks
could change your financial destiny in just a few years.
EURASIA GOLD MINES Strategic Au/Gold Euro Production...
http://cbs.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CA:EGX&sid=47743&time=2...
EGX has started a repeat of the EGX 1996 performance
EGX bigchart TA Alert Signal Strong Bull Start
http://chart.bigcharts.com/bc3/intchart/frames/chart.asp?symb=ca%3Aegx&compidx=aaaaa%3A0&ma=...
A record production of 8,596 ounces of GOLD
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
EGX is doing extremely well and making a good profit
as well, compared to a lot of other Gold expl.
companies - who trading 100 times more in market
cap values than EGX?
EGX has plenty of more hard assets Gold Mines
today and should be trading in a much higher
market cap values than in 1996...
a hidden EGX TI - Top trendline
shows the next target closer to $2.00,
imo, Best regards
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
193
|
Created
|
12/02/03
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |