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Eldorado Gold Corp. Message Board

  • richkortsep richkortsep Feb 2, 2013 1:29 PM Flag

    EGO Reserve Estimates

    According to EGO website, they show approx 29 million ounces gold proven and probable; and approx 37 million in M + I for total of approx 66 million ounces all low grade gold. Not counting here their lead and silver reserves, which I presume they count as by-product for cost production.

    Am new to EGO. Can anyone confirm these numbers? Looks like well managed company; lots in the pipeline; and currently significantly undervalued. Can anyone state their current P/E ration? Much appreciate any feedback from experienced EGO investors.

    Sentiment: Strong Buy

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    • way off read the profile 19 million ozs ... plus the goldfields they bought some more .. they are producing what 750 thousand ozs.................cgreens says 2million ozs are going to be produced ill believe it when i see it....

    • They are confident and efficitent. They have been known to overestimate, so that hasn't helped the share price along with having mines in Greece etc. Having said that, this company is well run, has one of the lowest costs in the industry, is a pure gold producer and is expecting to produce almost 2 million ounces a year in a few years...Look at its market cap! Astounding!

6.83+0.09(+1.34%)Oct 1 4:03 PMEDT

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