Undervalued Company - Lean and Mean EaglePlains has a great biz model...flush with cash
They have over 3.5 mil in cash and short term investments (4.2c a share), LT assets including real estate. Been a trader/investor for many years. It works to buy them cheap/undervalued in times where the macro environment takes them down ....
They know the exploration business in and out.
They know how to development properties and find suitable partners for their properties.
They have a model that generates revenue....as well as project and partner developments.
Examples are the Yellow Jacket property which was spun off...and NFR (Northern Freegold)
where they were able to sell off their stake at a premium and then years later bought back a 6 percent stake for pennies on the dollar.
These guys know what they are doing. Name another exploration company that generates
revenues quarter over quarter.
There's a bull market unfolding again in various mining sectors once again...
This is a time to own EPL. Plain and simple.
Any questions, message me here or at alphatechadvisor@gmail.com
GLTA