EPS 0.00% 5.3¢ epsilon energy limited

looks huge 11,000 sqkm acquisiton

  1. 1,068 Posts.
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    Who has heard of Guyana? This could be huge could be the next Ghana?

    Distilling it down. Eps are picking up ground next to a major gold mine Omai (production+resources of >5Moz), That has an historic resource of 300koz @ 2.2g/t (calculated by the former Omai mine operators), heaps of artisnal workings to be drilled including one working 400m in diameter and a huge land position on the South American extension of the West African gold belts.

    Some Canadian companies kicking around in there but not many though they have been having a fair amount of success with Aurora +5Moz and Toroparu +2 Moz at average discovery cost of USD8 per ounce. That's cheap world average is about USD50 /ounce so a regional discovery cost like that says their is plenty of low hanging fruit.






 
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