Eagle Worldwide Inc.(fka ELWD)

[ezzo]

PANAMERSA IV will convey 3500 Hectors of mineral reserves and one million troy ounces of gold to the foundation, bringing more than $700 million in assets to the foundation."

Versus MT statement yesterday about having a comfirmed 1 million troy ounces of gold in the bank.

I get a chuckle about the "3500 Hectors". Is MT implying that Ecuador coughed up 3500 guys named Hector and they are being held hostage as collateral for the PDR's? Or is he talking about land which presumable holds reserves of 1 milion ounces of gold. Either he can't write a proper PR or he is being deceptive. I think it's the latter.

IN any event, 1 million ounces in the ground is a far cry from 1 million ounces in the bank.

Which is it? You actually believe this stuff?