Eros Resources Corp V.ERC

Alternate Symbol(s): EROSF

Metals & Mining Industrial Metals & Minerals

Eros Resources Corp. is a Canada-based company, which is engaged in the identification, acquisition, and exploration of advanced-stage projects with a North American focus. In addition, the Company plans to make strategic investments with a global focus on a diverse commodity base. It operates in two business segments: the exploration and development of mineral resource properties and investing in marketable securities with a focus on commodities, with operations and long-term assets in the United States and Canada. Its Bell Mountain Project consists of unpatented mining claims that are located on federal lands. The Bell Mountain Project is located in Reno, Nevada in the Fairview mining district, which is comprised of four gold and silver resource deposits, namely the Spurr, Varga, Sphinx and East Ridge deposits. The Company has a 100% interest in six claim groups in the Athabasca Northern Basin of Saskatchewan. It also has interests in the Hatchet Lake and Murphy Lake properties.

TSXV:ERC - Post by User

Eros Resources Corp

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Post by phoenix_traderon Nov 29, 2020 1:59pm

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Post# 31997017

Market Cap is about half value of cash and investments

Sept 30 F/S show $3 mill cash + $17 mill investments.

Investments include Skeena and Southern Empire shares. Sure SMP has collapsed since Oct 1 but still trading at a fraction on FMV.

Skeena is really well funded and SMP has a chunk of Bullfrog which just raised $20 mill and brought Warke on board.

ERC's Bell Mountain play is back in exploration mode following a three year hiatus to allow the US Navy to decide how much land it needed to fly jets and drones in Nevada.

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Top-performing mining stock adds three new gold zones