Red Eagle Mining Corp RDEMF

RE:Q3 numbers

[wiseyoungman]

In my earlier response to "Q3 numbers" I forgot to add the following:

The Q3 or September 30 financials will tell you nothing except the numbers of an exploration stage company since the first gold pour occurred af the beginning of November. Further, even Q4 will tell you little in the financials since the Company will be entering commercial production in early 2017. The Q4 will show revenues as a deduction of PP&E on the balance sheet, not income statement since commercial production needs to be declared before you can do that. Also F/S and MD&A disclosures will not be all the detailed cost information, such as all in costs, of a producting company since "commercial production" will be in early 2017. What I would expect, similar to what RoxGold did, is to disclose the number of ounces produced in Q4, tonnes, grams per tonne etc.

Q4 numbers wont' come out until 2017. A full operating quarter will be January-March 31, 2017 which are due no later than May 31, 2017.  

I believe it will be a bit later before we see any major re-rating of the Company. I am more looking for some drill results on Canada Rica and the San Ramon extension. Two drills going per Ian Slater. 

GLTA