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The ticker symbols are:
US Pink Sheets symbols: EGMCF.PK, EGMCF
Canadian Vancouver exchange: EMR.V, V.EMR
http://www.emgold.com/s/Home.asp
http://www.idaho-maryland.com/s/Home.asp
Emgold December 2012
Corporate Pesentation:
http://www.emgold.com/i/pdf/CorporatePresenta...ion_Dec2012.pdf
As of Dec. 1, 2012
Shares Outstanding: 60,008,605
Fully Diluted including all options and warrants: 100,715,671
Share Price: ..05/share CDN
Market Cap: $3 million
CDN
The Idaho Maryland Mine, one of Emgold's top projects, in my hometown of
Grass Valley, is one of the highest grade gold mines in the world.
Gold Resources (NI 43-101 Tech Report)
Measured Resources:
1.10 million tonnes at 0.21 ounces per tonne = 212,000 oz. of gold
Indicated Resources:
0.57 million tonnes at 0.48 ounces per tonne = 259,000 oz. of gold
Measured and Indicated
Resources
1.67 million tonnes at 0.28 ounces per tonne = 472,000 oz. of gold
Inferred Resources
2.57 million tonnes at 0.39 ounces per tonne = 1,002,000 oz. of gold
That's a total of 1,945,000
ounces of gold.
The exploration potential is up to 3-5 million ounces of gold, or even
more.
Emgold's last feasibility study projected their Idaho Maryland mine being
economically profitable with gold prices at $420/oz. At $1600/oz., this
leaves $1,200/oz. as pure profit.
They plan to be able to
produce up to 200,000 oz./year, x $1,200/oz., giving a profit of about
$240 million/year, or more as gold prices increase.
For a $3 million market cap
company?! Why is this stock so cheap?
They need to raise around $125 to $175 million to start mining. That's
nothing given the potential profit.
But it's difficult to raise money now with gold still so misunderstood
and ignored by investors.
Gold mining has returned to California, with numerous other projects across
the state getting permitted.
Underground mines within a
three mile radius of Idaho-Maryland Mine produced 13 million ounces of gold
from 1850 to the mid-1950’s.
My hometown of Grass Valley is where the hydrolic gold mining method was once
practiced. There are huge water nozzels, stamping mills, and water
wheels scattered around town, as historical relics of the rich gold
mining history of the town.
Disclaimer:
I own 540,000 shares of Emgold stock, purchased at around 10 cents/share, and
nobody has paid me to write about Emgold.
For more information, read the corporate presentation, or contact the
company. I'm not an insider, I'm not the Investor Relations contact
for Emgold, and I don't have any inside information.
Emgold December 2012 Corporate Pesentation:
target="_blank" http://www.emgold.com/i/pdf/CorporatePrese...ion_Dec2012.pdf
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