Eurasian Minerals Inc. TICKER: TSX Venture: EMX DESCRIPTION: Eurasian Minerals is building wealth via prospect generation and mineral property investment in the world's foremost frontier mineral belts. EMX has built shareholder value with a diverse asset mix of top tier exploration properties, marketable securities and royalty agreements. This portfolio, backed by a strong cash position, provides EMX with a solid foundation to build additional value going forward.
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
The Gold Report
"As many of you know, the major mining company Newmont just closed a private placement with Eurasian Minerals, signed a prospecting agreement, and joint ventured the La Miel project in Haiti. This is a huge deal. Eurasian’s share price is up 30% since the companies announced the deal. Between this agreement with Newmont for Haiti and the Akarca project in Turkey waiting in the wings, Eurasian is ready to give us substantial gains. The lawyers are still working out the details, and the La Miel project is still in its infancy. But even so, I can’t help getting excited about the project. That’s partly because it lies on the same geological trend as the Dominican mine called Pueblo Viejo...Barrick Gold’s Pueblo Viejo project is an unbelievable deposit. It’s the second-largest district in the Western Hemisphere. It contains reserves of 10.9 million ounces of gold, 88 million ounces of silver, 2.6 billion pounds of zinc, and 358 million pounds of copper. At today’s prices, Pueblo Viejo is easily worth billions of dollars. And giant deposits like Pueblo Viejo tend to cluster. That’s why Eurasian and Newmont are so excited about La Miel. Eurasian’s geologists found that the gold anomalies at La Miel cover almost six square miles. The rocks are similar to those at Pueblo Viejo, and the deposits occur on the same geologic trend. If LaMiel is a comparable deposit to Pueblo Viejo, it could pump up Eurasian’s value from its current market cap of $44 million into the hundreds of millions of dollars. And Eurasian still has six other exploration projects going on – five in Europe and one more in Haiti. That includes the Akarca project, which is nearly ready for a partner and is just as alluring as La Miel. Consider that most major mining companies only get interested in projects that hold at least 3 million ounces and the average small exploration company’s market value is somewhere between $30 and $50 per resource ounce. That means if either of Eurasian’s two big prospects – Akarca and La Miel – pan out, it would make us more than 200%...on just one discovery." (3/08)
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S & A Prospector
The Gold Report
"Brien Lundin, in the Dec. 21, 2007, edition of the Gold Newsletter, says buy Eurasian Minerals Inc., recently $1.60, now that it has properties in Haiti and Turkey. Mr. Lundin has never before recommended this company because of the political stability of the Central Asian region in which it operates. However, now that the company has diversified its portfolio with some intriguing, high-potential properties in Haiti and Turkey, he is more confident in its prospects. In Haiti, Eurasian was one of the first companies to take advantage of the improved political and business environment, and it now holds a large property position in the country.
The company's properties include the Lamiel and La Mine properties, both of which were previously explored under a United Nations development program in the 1970s. Both are on the same belt that hosts the Pueblo Viejo deposit in the Dominican Republic, which has a resource of 15 million ounces of gold and 83 million ounces of silver. In Turkey, the company's holdings include the Akarca gold-silver property, which has potential for both a bulk-tonnage and high-grade vein deposit." (1/11/08)
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StockWatch News
The Gold Report
"Specifically, the company has diversified its property portfolio with some very interesting, high-potential projects in Haiti and Turkey. Although Haiti has a checkered political history, the country, like the “Stans,” has been stable of late. It remains under-explored, however, because of the past troubles. And that’s a shame, because the geologic environment is excellent. But that’s good news for EMX, which was one of the first companies to take advantage of the improved political and business climate in Haiti. In fact, it now holds a commanding property position in the nation."(December 2007/January 2008)
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Gold Newsletter
The Gold Report
"To say Haiti is underexplored is almost an understatement, according to Scott Close, head of investor relations at Eurasian Minerals.
The last producing mine, a copper operation, was closed in the 1970s and no one has explored for minerals in the country in about a decade, he said. Combine that with Haiti’s proximity to the Dominican Republic, home of Barrick Gold’s immense Pueblo Viejo deposit, and Eurasian has a recipe for success."(11/27/07)
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resourceinvestor.com
The Gold Report
"...I like Eurasian a lot. David Cole is the president – very aggressive, very energetic. They’ve got assets in the Black Sea area – the Kyrgyz Republic – and in Haiti. They also had some properties in Turkey that they just divested, but some of these properties are in joint ventures. They just joint ventured their original big property in Turkey to a small company called Chesser."(11/9/07)
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Interview with Adrian Day, The Gold Report