Even SC can't believe he 's back here in charge of the JV what's that tell you.....
....BY STEPHEN CLAYSON March 24, 2005 • Reprints
LONDON (ResourceInvestor.com) -- Toronto listed Tiger International Resources (TSX-V: TGR)
According to Tiger's President Patric Barry, the Esperanza project offers the potential for delineation of a 1moz gold resource, exploitable with very robust project economics.
A resource of 300,000oz gold has already been outlined by the company, and a gold resource of 1moz is thought to be achievable as part of a bankable feasibility study and reserve definition programme that will soon be conducted at the project.
A ten year mine life is envisaged for the Esperanza project, which would result in an annual output of around 100,000oz gold.
Construction of a mine would encompass a simple crush and heap leach processing array. The project would be centred on a small valley, the natural creation of which has over time exposed on its slopes multiple veins of gold oxide mineralisation. The ore is clean, and grades within the veins reportedly run at an average of 9-10g/t gold, with much higher grades also encountered.
Although lower grades of disseminated extra venous mineralisation are also apparent, the mining scheme will sensibly focus on exploiting exclusively the rich veins. As an illustration of the Esperanza project's potential viability, it was first conceived and believed to be economic when the price of gold was still languishing at $225/oz.
As we are all aware and before misleading info is put out there YA are selling against the % weighted volume and the 23m is good news as I expect another 100m trades and so it disappears
YA total from 02/01 = 48m
YA deliberatly sell or short in every deal they do but NOT with ECR - this is in the RNS.
The 14m sell could be CNR as that what they need to shift to go below 3% and this isn't a reflection of ECR as we know it's about their own downward trend and selling helps the cash flow - simple
The above two is of no consequence as ECR rises and don't get sucked in believing it's anything else.
Ref MGA - PJ has told me and other that they are surprised at what their going to get so let's knock £3.2m that the resident troll says and be done it leaves us with nothing, zero, diddly squat - yeah right !
This forum runs fine but blatant misleading and trouble making is as see though as said posters bank balance - nothing in it !
OK fair enough, but whether a buyer has to pay off a debt or invest in a tax loss opportunity gives ECR the same net result imo.
I think it is fair to say that changing a notional debt line in the accounts into an actual lump of cash will have a much bigger effect operationally and sentiment wise with investors because of all the work that the BOD have done in creating options and possibilities.
ECR will have access to a big chunk of cash, that hey already have plenty of plans for and that is why we are seeing the sentiment change towards this stock, they are delivering on their promise not to keep going back to the market for equity funding .
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