Jan. 26 - Gold $406.20 - Platinum $848.00 - Silver $6.27
Enough Is Enough
Saturday, September 28, 1985
"We live in exciting times.
The emergency meeting of the Group of Five finance
ministers and heads of central banks at the Plaza Hotel
last Sunday constitutes a historic event.
It marks the official transition from a system of free
floating to a system of managed floating.
Readers of my chapter on reflexivity in currency
markets will realize that I regard the change as
overdue......
The Alchemy of Finance, George Soros published in 1987.
Still here in rainy, but lovely, Vancouver –
my 5th trip up this way over a one year period.
It’s like my second home.
The Conference is packed and there is a real buzz.
We are finally seeing an influx of new investors
outside the veteran Gold bug crowd.
Interestingly enough, I am seeing the same in
the Café Sentiment Indicator.
Trading was very quiet today in general with a good
deal of rolling of the Feb Gold positions.
A few observations standout about what I see going on here:
*One of the feature points I made during my conference
presentation was the quality of the cash market
information MIDAS has been fortunate to receive over
the past year from very credible sources.
It’s a first in my career and I credit it to the work
of the GATA Army and the increasing effectiveness of
the Internet.
At the moment most everyone I run into is short-term
Gold bearish, while very long-term Gold bullish.
There are many who believe Gold is going to hold $400
may the majority looking at near-term lows of $380
to $395.
I can’t see it, not with what we know about The Gold Stalker’s
new order and the fact many other BIG LEAGUE investment
groups want to buy physical.
POG is now at a strategic low bargain price.
The natural place to do the buying would be above $400,
not below.
As there are probably more buyers than we can imagine
(based on what we already know), they should be competing
for Gold here as the price drops.
This should cushion setbacks and increase in intensity
as Gold drops $1 at a time towards $400.
*We have 3 days to go to complete the normal two week
composure period after the $13 drubbing of a week ago
Thursday.
*The compelling reasons to own physical Gold continue
to grow each passing month.
They are not going unnoticed.
*The yen continues to make efforts to surge below 106
despite massive Japanese intervention.
Each time it is repulsed with more intervention.
How long can this go on?
At one point today, the yen broke 105.80.
SA gold producer’s new gold marketing initiative
DRD takes strategic stake in GoldMoney.com
Durban Roodepoort Deep, Limited
(JSE: DUR; NASDAQ: DROOY; ASX: DRD) today
(26 January 2004) broadened its initiatives to
expand the gold market by announcing its acquisition
of a strategic stake in GoldMoney.com, a leading
internet-based Gold marketing company.
DRD’s initial investment of US$200 000 (1.4%) comes
with an option to increase its stake to $2 million,
or 14.3%, at a later stage.
GoldMoney was founded by James Turk, the well known
and internationally respected authority on
the precious metal.
Turk says: “GoldMoney is the easiest and most economical
way to buy and sell Gold on the internet, but we see
Gold not only as a metal but also as a form of currency.
“We believe there is huge potential for Gold to be used
more for low-cost online payments worldwide, as people
are now doing with GoldMoney.
Using Gold in this way will increase its demand to the
benefit of the industry. ”
DRD CEO Ian Murray comments:
“We’re well known for our belief in Gold as money and
for some time we’ve been considering ways of actively
encouraging private ownership of Gold.
Gold money, to our mind, is one very direct way.
It is particularly attractive for South Africans who,
regrettably, cannot own Gold in bullion form due to
long-standing legal constraints.
“We look forward to growing our association with
GoldMoney; to seeing it gain more prominence as
international markets seek alternatives to the US dollar
as the currency for international trade;
and to announcing similar downstream activities into
the future.”
GOLD 2004 Bull Reflextion of 1980 Bulltrend
GOLD 2002 - 2003 is a mirror reflection of
GOLD 1978 - 1979, is
GOLD 2004 to be a mirror reflextion of
GOLD 1980 - Bulltrend,
GOLD TA on strong Bulltrend TI Longterm comeback...
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!
Statement by the President and CEO: Elmer Stewart 1997
In 1997 the company changed its name to signal the new focus
of its activities and bought Centramining Ltd,
a private company with rights to
four gold projects in Kazakstan.
The following year Eurasia acquired Andas-Altyn for shares.
This brought in two GOLD projects, a resource of 850,000 ozs GOLD,
infrastructure with annual leach capacity of a million tonnes and an
operating entity with 4 years experience in heap leach mines operations
At the beginning of 1999 Ourominas Minerals –
now Thistle Mining –
reversed into the company via a private placement to
raise C$6 million.
These funds are now being used to commence commercial
production at Myaly and Central Mukur.
The company is therefore poised on the next phase
of its life with Thistle as controlling shareholder.
Operations
First gold poured on a commercial basis at
the Myaly heap leach gold project in August.
First gold production from the Central Mukur
project occurred in September.
Both plants have had upgrades including recovery
plants, equipment, and leaching capacity
up to 1.3 million tonnes from both projects.
A total of 23,000 ozs of gold are expected to be
placed under leach before year end 1999-Both
projects are generating positive cash flow.
Gold production to the end of October 1999 was 6,500 ozs
www.minesite.com/companies/eurasia_gold_corp.htm
Thanks Elmer, since You started the EGX GOLD Production
of EURO"s EGX Gold Mines - Eurasia Gold Corp. has come
a long way to become a Major GOLD Producer
in Europe/Asia...
Eurasia Gold Corp. ~ EGX GOLD MINES
(EGX:TSE.V)
The EGX Precious Metal Gold Mines -
EGX Gem has 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...
cbs.marketwatch.com/charts/...ick=1&rand=316524684&siteid=mktw
EGX is a very good Gold Mine Producer
at about $200/oz and making a good
profit...
Eurasia Gold Corp. EGX:TSE.V,
Gold Mining Projects:
About The EGX Company
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 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.
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 $15 millions as of
Jan. 7, 2004 to be extremely undervalued.
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: www.eurasiagold.com
Please do your own DD before investing in any stocks!
imo, Best regards
Enough Is Enough
Saturday, September 28, 1985
"We live in exciting times.
The emergency meeting of the Group of Five finance
ministers and heads of central banks at the Plaza Hotel
last Sunday constitutes a historic event.
It marks the official transition from a system of free
floating to a system of managed floating.
Readers of my chapter on reflexivity in currency
markets will realize that I regard the change as
overdue......
The Alchemy of Finance, George Soros published in 1987.
Still here in rainy, but lovely, Vancouver –
my 5th trip up this way over a one year period.
It’s like my second home.
The Conference is packed and there is a real buzz.
We are finally seeing an influx of new investors
outside the veteran Gold bug crowd.
Interestingly enough, I am seeing the same in
the Café Sentiment Indicator.
Trading was very quiet today in general with a good
deal of rolling of the Feb Gold positions.
A few observations standout about what I see going on here:
*One of the feature points I made during my conference
presentation was the quality of the cash market
information MIDAS has been fortunate to receive over
the past year from very credible sources.
It’s a first in my career and I credit it to the work
of the GATA Army and the increasing effectiveness of
the Internet.
At the moment most everyone I run into is short-term
Gold bearish, while very long-term Gold bullish.
There are many who believe Gold is going to hold $400
may the majority looking at near-term lows of $380
to $395.
I can’t see it, not with what we know about The Gold Stalker’s
new order and the fact many other BIG LEAGUE investment
groups want to buy physical.
POG is now at a strategic low bargain price.
The natural place to do the buying would be above $400,
not below.
As there are probably more buyers than we can imagine
(based on what we already know), they should be competing
for Gold here as the price drops.
This should cushion setbacks and increase in intensity
as Gold drops $1 at a time towards $400.
*We have 3 days to go to complete the normal two week
composure period after the $13 drubbing of a week ago
Thursday.
*The compelling reasons to own physical Gold continue
to grow each passing month.
They are not going unnoticed.
*The yen continues to make efforts to surge below 106
despite massive Japanese intervention.
Each time it is repulsed with more intervention.
How long can this go on?
At one point today, the yen broke 105.80.
SA gold producer’s new gold marketing initiative
DRD takes strategic stake in GoldMoney.com
Durban Roodepoort Deep, Limited
(JSE: DUR; NASDAQ: DROOY; ASX: DRD) today
(26 January 2004) broadened its initiatives to
expand the gold market by announcing its acquisition
of a strategic stake in GoldMoney.com, a leading
internet-based Gold marketing company.
DRD’s initial investment of US$200 000 (1.4%) comes
with an option to increase its stake to $2 million,
or 14.3%, at a later stage.
GoldMoney was founded by James Turk, the well known
and internationally respected authority on
the precious metal.
Turk says: “GoldMoney is the easiest and most economical
way to buy and sell Gold on the internet, but we see
Gold not only as a metal but also as a form of currency.
“We believe there is huge potential for Gold to be used
more for low-cost online payments worldwide, as people
are now doing with GoldMoney.
Using Gold in this way will increase its demand to the
benefit of the industry. ”
DRD CEO Ian Murray comments:
“We’re well known for our belief in Gold as money and
for some time we’ve been considering ways of actively
encouraging private ownership of Gold.
Gold money, to our mind, is one very direct way.
It is particularly attractive for South Africans who,
regrettably, cannot own Gold in bullion form due to
long-standing legal constraints.
“We look forward to growing our association with
GoldMoney; to seeing it gain more prominence as
international markets seek alternatives to the US dollar
as the currency for international trade;
and to announcing similar downstream activities into
the future.”
GOLD 2004 Bull Reflextion of 1980 Bulltrend
GOLD 2002 - 2003 is a mirror reflection of
GOLD 1978 - 1979, is
GOLD 2004 to be a mirror reflextion of
GOLD 1980 - Bulltrend,
GOLD TA on strong Bulltrend TI Longterm comeback...
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!
Statement by the President and CEO: Elmer Stewart 1997
In 1997 the company changed its name to signal the new focus
of its activities and bought Centramining Ltd,
a private company with rights to
four gold projects in Kazakstan.
The following year Eurasia acquired Andas-Altyn for shares.
This brought in two GOLD projects, a resource of 850,000 ozs GOLD,
infrastructure with annual leach capacity of a million tonnes and an
operating entity with 4 years experience in heap leach mines operations
At the beginning of 1999 Ourominas Minerals –
now Thistle Mining –
reversed into the company via a private placement to
raise C$6 million.
These funds are now being used to commence commercial
production at Myaly and Central Mukur.
The company is therefore poised on the next phase
of its life with Thistle as controlling shareholder.
Operations
First gold poured on a commercial basis at
the Myaly heap leach gold project in August.
First gold production from the Central Mukur
project occurred in September.
Both plants have had upgrades including recovery
plants, equipment, and leaching capacity
up to 1.3 million tonnes from both projects.
A total of 23,000 ozs of gold are expected to be
placed under leach before year end 1999-Both
projects are generating positive cash flow.
Gold production to the end of October 1999 was 6,500 ozs
www.minesite.com/companies/eurasia_gold_corp.htm
Thanks Elmer, since You started the EGX GOLD Production
of EURO"s EGX Gold Mines - Eurasia Gold Corp. has come
a long way to become a Major GOLD Producer
in Europe/Asia...
Eurasia Gold Corp. ~ EGX GOLD MINES
(EGX:TSE.V)
The EGX Precious Metal Gold Mines -
EGX Gem has 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...
cbs.marketwatch.com/charts/...ick=1&rand=316524684&siteid=mktw
EGX is a very good Gold Mine Producer
at about $200/oz and making a good
profit...
Eurasia Gold Corp. EGX:TSE.V,
Gold Mining Projects:
About The EGX Company
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 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.
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 $15 millions as of
Jan. 7, 2004 to be extremely undervalued.
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: www.eurasiagold.com
Please do your own DD before investing in any stocks!
imo, Best regards
