EGX Discovers Significant Gold Resources on Ecuador's New Frontier
GlobeNewswire - Tue Feb 25, 9:33AM CST
Timing is everything. In 2010, betting on an improving political climate, Glenn Laing, CEO of Ecuador Gold and Copper (TSX.V:EGX) purchased the Condor Gold Project in Ecuador for about $2.50/ounce in the ground. This was forty times less than Kinross paid for the Fruta Del Norte project a few years earlier, just north of the Condor Gold Project.