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Eagle Royalties Ltd. T.ER


Primary Symbol: C.ER Alternate Symbol(s):  ERYTF

Eagle Royalties is a royalty holding company created as a spin-out with the royalty assets of Eagle Plains Resources, a mineral exploration project generator exploring Western Canada for gold, critical-metals, uranium, lithium, rare earth elements and industrial minerals. Eagle Royalties holds royalties on over 50 projects owned by senior to junior mining and exploration companies. Eagle Roylaties flagship is the royalty at Banyan Gold's AurMac property where a 6.18m oz gold resource was announced in May 2023.


CSE:ER - Post by User

Bullboard Posts
Comment by blacky2on Dec 13, 2008 3:47pm
309 Views
Post# 15644560

RE: RE: MegaTEM Project Drilling Underway

RE: RE: MegaTEM Project Drilling Underway"Its kind of another Eleonore S J/V Senario  with G, AZM and ER.. Drill but no news for shareholders... "


Two important points to consider, firstly all back-in rights have expired therefore Xstrata cannot increase its ownership without consent and secondly Eastmain holds a majority interest in the project and Xstata’s interest is currently being diluted. The budget is approximately $150 to $200K (over and above the $4M Quebec budget). Eastmain is using flow-thru funds sold to management at a premium to the stock price. There may be no drill news but there is definitely a benefit to shareholders.

 

Bullboard Posts