RE: Was $3.00 the low for EAS?Tooclassy, you asked at the end of your post: "How many companies have
assets like this?"
If South Miwah, the Main Miwah Zone, Moon River, and Sipopok are all connected... damn few. I think this paragraph from EAS' December 15th press release is tantalizing:
"
The discovery of alteration and gold mineralization at Moon River has taken on further significance when it is viewed in context with re-processed geophysical data", explained Michael Hawkins, President and CEO of East Asia Minerals Corporation. "The Moon River alteration and mineralization is part of a package of altered and mineralized rock that has distinctive chargeability, resistivity and magnetic signatures. This we note extends all the way from the Miwah Main Zone to Sipopok, approximately 1.5 kilometres to the north, and although we are in the early stages of the exploration of the extensions of Miwah Main Zone, we are greatly encouraged by the way all the pieces are fitting together."
Every hole they have drilled has hit mineralized ore. If EAS hit a hole in Moon River, the market might just assume that indeed it
is all connected, and we'd really have a ride on our hands.
I have to keep in mind that this is just one EAS property, too. EAS has LOTS of terrific properties in Indonesia and Mongolia. Maybe they aren't all another Miwah, but they are exciting, as well.
I don't care how low it goes in the short run. I welcome the drop because it has afforded me the opportunity to buy more. I just hope it stays here long enough for me to raise additional funds and buy more EAS shares.