RE:RE:RE:RE:RE:RE:RE:Eric Coffin
read this, if you want more of Coffin's report:
When we looked at the market this time last year, we decided that there was still risk capital around. There were companies with cheap share prices, money in the bank and projects that, to us at least, had obvious potential to deliver really strong exploration news. We started following a gold company about a year ago called East Asia Minerals Corp. (TSX.V:EAS) at about $.40. The project, Miwah, looked fantastic, but the market was just too afraid to really jump on anything. The stock traded good volume and a lot of our subscribers accumulated it, but the share price really didn't move until drilling started late last summer. EAS released incredible trenching results but the market reaction was "show me drill holes. I don't want to get near anything until I see that." Drill results did begin to arrive soon after and they have been as good or better than we hoped. Drilling is continuing to expand the main zone and the company is preparing several nearby areas for drill testing. EAS is looking more and more like a prime takeover candidate. One day we think some major will decide Miwah is a must-own asset and show up and take the whole company out.
TGR: Are you and your brother still shareholders in East Asia?
EC: Yes we are. I think I own more now than I did six months ago and the stock is now over $7. That is a big market value for the ounces EAS can put on the table now but, to me Miwah looks like it has realistic potential to host 10 million ounces of gold and possibly a lot more. Projects like that do not come around very often. So far everything has sort of gone right. I would like to see them accelerate the exploration work, but I think that will come. The company does not have a 43-101 resource but the market can see the main zone is expanding and still open and those other zones will soon be drilled, too. It's that potential for continued rapid growth in the asset that is driving the share price.
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Well...anybody can write any thing in here, isn't it...even if it is not true....