posted on
Dec 12, 2007 09:42AM
As I write GOG ( ECU's partner ) released their resource report.
They had to release before or simultaneously with ECU otherwise ECU's report having GOG data would undermine GOG's.
With GOG report out, ECU has free reign to release their's. I suppose it will be this week.
There is little effect from the GOG report on ECU, it adds 20 million oz. to ECU's hold but with the comming ECU report that is likely to be peanuts by comparison.
Hence a very mild positive reaction in ECU price. Probably more due to silver price than GOG report.
I am waiting with anticipation.