Sure Grizz;

There is a very good discussion on the ECU web-site that U should read...

http://www.ecu.ca/index.php?option=com_content&view=article&id=358&Itemid=205&lang=en

Above and beyond that, are the drill results for the last couple of years which are not yet reflected in these (inferred) numbers, but certainly add to the potential.

Keep in mind that...

"What differentiates ECU from other silver companies is that ECU mineral resource has a large gold component. In fact, about 2/3rds of ECU’s mineral resource is gold and silver, with the rest being mostly lead and zinc. Gold actually makes up almost half of ECU’s precious metal content." (from web-site)

Keep in mind that...

“Sinclair expects gold to trade much higher this year and predicts after 2015, it will be priced at more than $12,500 an ounce. " (from USAWatchdog)

Even at a gold:silver ratio of forty, that puts silver at $312 and values the 2/3 of the ECU inferred resource (just the silver and gold part), at 122 billion dollars US, in 2015.

(according to Jim Sinclair Gold price estimates...)

That doesn't count the last two years of ECU's bonanza drilling results, or the resource of AUM which might double that number...so call the 2015 inferred value of NEWCO 200 billion to be conservative...right?...

I will be absolutely laughing if ECU is valued at just a small fraction of that number by 2014. The shares are currently valued at around 200 million which is, as is easy to see, only ONE, ONE-THOUSANDTH of the estimated inferred market value in 2015.

Talk about undervalued! Newco's share price has to go up 10 times just to be valued at 1/100 of it's (J. Sinclair) estimated inferred resource value after 2015.

lotus petals,

gildage