BIV: Edgewater chasing down Spanish gold
BIV reports:
Less than a year has passed since Vancouver junior Edgewater Exploration (TSX-V:EDW) picked up a gold property in Spain and already the company has increased reserves there 400%.
On Tuesday, industry veteran and Edgewater president and CEO George Salamis said the company’s Corcoesto property contained some 325,000 ounces of gold in measured and indicated categories, and more than 1.1 million ounces in an inferred category.
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Comments
Watson
The northern Costa Blanca is in better shape, especially the smart area around Javea, Denia and Moraira. The market is subdued but stable, and many vendors have given up asking silly prices. Flats are typically up 15%, and typical three bed villas in Javea, which were about 270,000 pounds two years ago, now cost about 305,000 pounds.