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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

Post by Wasisnameon Jul 30, 2020 8:31am
373 Views
Post# 31342187

Can we expect other offers?

Can we expect other offers?I have dug up three analyst reports written prior to the May 23, 2018 PEA that had an average target price for Eastmain of $1.05 (Laurentian Bank: $1.15, Echelon Wealth Partners: $1.00, Paradigm Capital: $1.00). Two analyst reports written in 2018, after the PEA, had an average target price of $0.49 (Industrial Alliance: $0.48, Cormark Securities: $0.50). The PEA shows an after-tax NPV(5%) at $260M with $1250/oz gold or $315M at $1350/oz. The Eastmain website shows current fully diluted shares at 326M. In addition to the Eau Claire deposit, they have some interesting exploration projects. Although Auryn may have put a respectable offer on the table, it would not surprise me to see other offers come along before the deal is done.  

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