Golden Oxen

Eldorado Gold: A Cost-Effective Way to Move into Gold

You have it correct, but you are to hard on him. What do you think of JAG's latest financing?


On Oct 22 08:06 PM Slvrizgold wrote:

> I much prefer Jaguar, which is growing from 160,000 to 650,000 oz
> in the same time frame as EGO goes from 400,000 to 800,000. Jaguar
> also operates exclusively in very safe Brazil, while EGO is operating
> in Turkey and China. Compare valuations! There is slightly higher
> cost than EGO, but fewer shares and much lower priced. Jaguar is
> also an easy takeover mark for Yamana, who would like to dominate
> South America. Jaguar's growth profile would be VERY accretive to
> any major.
>
> I disagree with the author's statement that EGO has $700 margin of
> "pure profit." This is not true. This guy doesn't understand mining
> I can tell. There are many costs above direct "cash costs": depreciation,
> depletion,amortization, capex, administrative, etc. You can add
> on several items before you get an actual net income. Mining is
> not easy and very capex intensive!
>
> Why do these author's bother to write puff pieces with no positions?!?!
> C'mon GIVE ME A BREAK. Put your money where your mouth is dude.
> Anyone can write a bullish article. I could write one on a company
> I don't even like if I wanted to!