good morning guys. i have a message for everybody who is in EAGM for the POTENTIAL in the future..
I calculated a bit and I came to the conclusion that EAGM is way much more worth than it is right now! On their site, they say they are producing 13,800 Ounces of Gold Anually for the first 3 years on the open pit and another 19,133 Ounces of Gold anually in the first 7 years in the Underground area.. that means the first three years they produce about 33.000 ounces of gold every year.. after that they will continue to produce 19,133 Ounces of Gold for the next 4 years.. In the next 7 years they will produce about 170111 ounces of gold, and 121,392,762 LBS of Copper.. If you say Gold is at 570$/ounce and Copper at 3.2$ / LBS and you know the COSTPRICE to produce one ounce of gold and 1 LBS of Copper is about 350 $ per ounce gold and 1.9$/lbs Copper, they will have these profits:
170.111 Ounce Gold at 220$ makes 37.424420$
121.392.762 Lbs Copper at 1.235$/Lbs 149.930.709 $
TOTAL PROFITS: 187.355.129 $ PROFITS, divided at 500 million shares is 0.374$ per Share, so that is the real worth of this stock..!!!! that would mean this share has to be more than 60 TIMES more than the price it is now!!!!!
If we say that we're in a BULL market for gold like a lot of analysts say, and let's imagine that within 5 years or something, Gold price is at about 750 Dollars and Copper at 4.2$, it would be worth 0.678$ per Share, that's The Double,while Gold and copper prices only climbed 31%! If Gold Prices Rise to 750$, and Copper to 4.2$, our share is worth 113 times as much as it is right now! but on the current Prices of TODAY, we are worth 0.374$ per share!!!!!
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