Eurasia Gold Corp. (EGX:TSX-V)

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Kazakhstan

Investors who feel anxious about the Varvarinskoye project’s location need to look at the reality. Kazakhstan is not like the other Stans or Russia, and with its considerable newfound energy patrimony in the Caspian Sea, is coming onto the world stage, and not in kleptocracy mode.

There have been a number of centi-million and billion dollar Kazakhstan mining IPOs of late primarily in the London market, and considerable mining investment in the country. Investors should keep the following in mind:

Kazakhstan has a GDP higher than all of the other Stans combined.
By 2010 the nation’s goal is to have a GDP per capita of $5,800 per head, on a par with Czech Republic, Hungary, and Poland.
The country has the same bond rating as Mexico.
There is no reason to believe that a threat exists to the mining industry in Kazakhstan or that there is any threat to Varvarinskoye on a project specific basis