posted
Market cap today is 11.2 million . They are on track to make over 10 million for fiscal year ended Dec. 31 2003.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
posted
A little more info here. Appears CIDEM thinks this is a good value as well. Added shares @ .122-Thistle Mining Inc.'s Subsidiary Acquired Additional Shares of Eurasia Gold Corp. 1/21/04
TORONTO, Jan 21, 2004 (CNW Telbec via COMTEX) -- (TSX: THT, AIM: TMG) Thistle Mining Inc. ('Thistle') wishes to announce that its wholly owned subsidiary, Compagnie Internationale de Developpement Minier ('CIDEM') has acquired from Thistle effective January 20, 2004, pursuant to a private agreement that took place in the United Kingdom, 2,549,253 shares of Eurasia Gold Corp. ('Eurasia') (CDNX:EGX) at a purchase price of $0.122 per share. As a result of this transaction, CIDEM now holds an aggregate of 68,269,253 common shares of Eurasia. CIDEM has acquired the shares for investment purposes. Both Thistle and CIDEM may acquire further shares if the price is deemed to be acceptable.
Thistle no longer holds shares of Eurasia. This transaction brings the aggregate holdings of CIDEM to 68,269,253 shares which represent 57.7% of Eurasia's outstanding common shares.
posted
I'm not very good at reading charts and knowing about stocks yet but when I look at all their info and charts it doesn't look like there is much potential for them to grow much anytime soon. They usually sit from .05 - .15 cents and have not been over that point in a year. If they are at .09 right now they might climb a bit but will go back to this amount as it looks to be all the stock is worth. But then again I have only been looking into stocks for about 2 weeks. How much impact you think a good quaterly is going to gain them? Let me know....thx
Posts: 115 | From: Vancouver,B.C. Canada | Registered: Mar 2004
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posted
Charts are some peoples method to play stocks short term. I tend to own a stock for at least six months and try to look for a return of over 50%. When looking for stocks I look for lowpriced stocks at a low multiple to earnings and sales. I am very bullish on precious metals and small oil service cos.- so EGX looks to be a double from here in six months or less , but if you are looking for big returns in short spurts this may not be the one.
Posts: 443 | From: Valemount | Registered: Dec 2003
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