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RED EAGLE EXPLORATION LIMITED V.XR

"Red Eagle Exploration Ltd is engaged in the exploration, development and permitting of mineral properties. It owns the California Gold, Vetas Gold and Santa Ana Silver projects."


TSXV:XR - Post by User

Post by taylor1988on Nov 02, 2011 10:57am
409 Views
Post# 19201784

$4 - $5

$4 - $5Would have CBJ's market cap pass Continental's valuation as well as several small cap producers. Just $4.50 on CBJ would mean a $800 million market capitalization. Can you really justify CBJ being worth the same as 100,000 oz producers as well as companies with high grade resources in the development stage that have proven resources of over 5 + million ounces already? PMV for example is worth $250 million dollars or less than CBJ currently with 5 million ounces of gold at 2.5 g/t au and a Pre-Feasability study pending.. If you pumpers really think CBJ is the market darling after one hole you need to do your homework because GWY has been releasing holes like these all year and is is now worth less. 29 m @ 129 g/t au is much better than 115 m @ 7.5 g/t au and that's just one of GWY's holes. Not to mention NES with 231 m @ 7.5 g/t au..
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