GOLD 412.90 + 6.40 EGX STRONG BUY

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Ivar Kreuger:

GOLD 412.90 + 6.40 EGX STRONG BUY

 
18.03.04 18:32
GOLD 412.90  + 6.40 EGX STRONG BUY

EGX - Eurasia Gold Corp @ the Toronto Venture Exchange
www.tse.com/...edPrices&Language=en&QuoteSymbol_1=egx&x=36&y=8

EGX is oversold
EGX is extremely undervalued
EGX is undiscovered, so far
EGX is a good opportunity for any investor

Eurasia Gold Corp, All data
cbs.marketwatch.com/charts/...ick=1&rand=487453639&siteid=mktw

EGX has barely started to move, yet..

In 1996 when POG was $400 /ounce, EGX hit $.90

Today POG is around $400 /ounce (soon $500+ /ounce), Eurasia Gold Corp
PRODUCES GOLD WITH A PROFIT, and the EGX shares should of course be
higher than $.90 - closer to $2.

Anything under $.90 is very, very cheap for this baby.

Eurasia Gold Corp, 6 Months
ichart.yahoo.com/...t=6m&q=l&l=off&z=m&p=e200,v&a=m26-12-9,r14

It's quite difficult to find a $200 /ounce low cost Gold Producer,
trading under dollars

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.)

- deduct the expansion cost of the heap leach pads to expand the EGX
Gold production and You will find a production cost of about $200.00
per ounce.

- 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)

- plus the Gold 1153 ounce produced - and to be sold at a higher price.

Other than Eurasia Gold Corp, I don't think there is one, and EGX / EAGCF
is extremely undervalued and it's a very good deal to get in now,

remember
There's no substitute for Gold-stocks, but more Gold-stocks,
www.eurasiagold.com

imo, Best regards, MfG
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