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...
http://cbs.marketwatch.com/charts/...ick=1&rand=316524684&siteid=mktw
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...
http://cbs.marketwatch.com/charts/...ick=1&rand=604274928&siteid=mktw
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!
http://stockcharts.com/def/servlet/...v05.ServletDriver?chart=$GOLD,E
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
http://cbs.marketwatch.com/charts/...ick=1&rand=363826930&siteid=mktw
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.president.kz/articles/state/Images/Flag.JPG
http://www.president.kz/images/President.jpg
Dear readers,
The creation of the WWW-server "Kazakhstan" in the
world global information network will enable comprehensive
acquaintance with the history and present-day status
of one of the largest countries in the world.
The overall structure of this site gives a broad notion
of the momentous events in the history of the country, its
investment capabilities, its natural and other resources
and its culture.
The availability of more detailed information about
Kazakhstan will no doubt help in creating an unbiased
and positive image of our young state.
I hope that owing to the ever-growing opportunities
of the Internet, Kazakhstan will no longer remain a terra
incognita on the electronic map of the world.
http://www.president.kz/images/Podpis.GIF
N. Nazarbayev
The President of the Republic of Kazakhstan,
Mr. Nursultan A. Nazarbayev
http://www.president.kz/articles/state/Images/Flag.JPG
Excerpt from the National Anthem of the Republic of Kazakhstan:
We are a valiant people,
sons of honour,
And all we’ve sacrificed
to gain our freedom.
Emerging from malicious grip of fate,
from hell of fire,
We scored a victory
of glory and success
Refrain:
Soar high up in the sky,
oh, eagle of freedom,
Call up to harmony,
agreement and accord!
For hero’s might and strength
is in the nation,
Just as the unity is
nation’s razing sword.
http://www.president.kz/articles/state/Images/gerb2.GIF
http://www.eurasiagold.com
Kazakhstan - Eurasias new Texas!
http://www.president.kz/articles/state/Images/Flag.JPG
http://www.president.kz/articles/geography/Images/Almaty.jpg
The sovereignty and independence of Kazakhstan
Nine years have passed since Kazakhstan
made a historic step when it
declared its sovereignty on
October 25, 1990.
Those years were noted
as great challenges to the people of
Kazakhstan as well as triumphs.
The people of Kazakhstan may be
proud of achievements of your country.
We are ready to work with
Kazakhstan to promote prosperity,
democracy and stability while we
are entering together
the new millenium.
- From the message of
U.S. President
B.Clinton,
October 1999
http://www.president.kz/articles/geography/Images/Almaty_gora.jpg
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
The charts tells where the GOLD is!
http://stockcharts.com/webcgi/perf.html?EGX.V,THT.to
http://www.president.kz/articles/economy/Images/Metal1.JPG
GOLD from Kazakhstan - Eurasias new Texas!
DD http://www.eurasiagold.com @ http://www.ivarkreuger.com
imo, Best Regards
(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...
http://cbs.marketwatch.com/charts/...ick=1&rand=316524684&siteid=mktw
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...
http://cbs.marketwatch.com/charts/...ick=1&rand=604274928&siteid=mktw
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!
http://stockcharts.com/def/servlet/...v05.ServletDriver?chart=$GOLD,E
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
http://cbs.marketwatch.com/charts/...ick=1&rand=363826930&siteid=mktw
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.president.kz/articles/state/Images/Flag.JPG
http://www.president.kz/images/President.jpg
Dear readers,
The creation of the WWW-server "Kazakhstan" in the
world global information network will enable comprehensive
acquaintance with the history and present-day status
of one of the largest countries in the world.
The overall structure of this site gives a broad notion
of the momentous events in the history of the country, its
investment capabilities, its natural and other resources
and its culture.
The availability of more detailed information about
Kazakhstan will no doubt help in creating an unbiased
and positive image of our young state.
I hope that owing to the ever-growing opportunities
of the Internet, Kazakhstan will no longer remain a terra
incognita on the electronic map of the world.
http://www.president.kz/images/Podpis.GIF
N. Nazarbayev
The President of the Republic of Kazakhstan,
Mr. Nursultan A. Nazarbayev
http://www.president.kz/articles/state/Images/Flag.JPG
Excerpt from the National Anthem of the Republic of Kazakhstan:
We are a valiant people,
sons of honour,
And all we’ve sacrificed
to gain our freedom.
Emerging from malicious grip of fate,
from hell of fire,
We scored a victory
of glory and success
Refrain:
Soar high up in the sky,
oh, eagle of freedom,
Call up to harmony,
agreement and accord!
For hero’s might and strength
is in the nation,
Just as the unity is
nation’s razing sword.
http://www.president.kz/articles/state/Images/gerb2.GIF
http://www.eurasiagold.com
Kazakhstan - Eurasias new Texas!
http://www.president.kz/articles/state/Images/Flag.JPG
http://www.president.kz/articles/geography/Images/Almaty.jpg
The sovereignty and independence of Kazakhstan
Nine years have passed since Kazakhstan
made a historic step when it
declared its sovereignty on
October 25, 1990.
Those years were noted
as great challenges to the people of
Kazakhstan as well as triumphs.
The people of Kazakhstan may be
proud of achievements of your country.
We are ready to work with
Kazakhstan to promote prosperity,
democracy and stability while we
are entering together
the new millenium.
- From the message of
U.S. President
B.Clinton,
October 1999
http://www.president.kz/articles/geography/Images/Almaty_gora.jpg
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: http://www.eurasiagold.com
The charts tells where the GOLD is!
http://stockcharts.com/webcgi/perf.html?EGX.V,THT.to
http://www.president.kz/articles/economy/Images/Metal1.JPG
GOLD from Kazakhstan - Eurasias new Texas!
DD http://www.eurasiagold.com @ http://www.ivarkreuger.com
imo, Best Regards
