RED EAGLE EXPLORATION LIMITED V.XR

NI 43101 DELAY

[digingdeep]

As far I know, according to the canadian stock market law, any public company is forced to release any relevant or material information that is of interest of the shareholders or may impact the company, which means that CBJ cannot hold or not release the NI43101 or the PFS to the market if both are ready and finished.

So I guess, that this delay is due to the final review of the PFS, not because of the market situation. Transparency is a main issue in the market.  

Fabio we are waiting!!!

[wiseyoungman]

Just to be clear, they are not doing a PFS [Pre Feasibility Study]. The Company plans to issue a maiden 43-101 and PEA [Preliminary Economic Assessment or scoping study]. Big difference in that a PFS is for advanced stage exploration projects. Market expectation is about a 1M ounces. GLTA

[mork10]

and what would be the next step assuming 1.0 to 1.5 M Oz of gold "resources"? I can't see them getting reasonable financing for a production facility with the current market conditions and a share price around $ 0.20. 

[wiseyoungman]

My friend, they are not near production. A maiden 43-101 is just that and they need to do a lot more drilling to get this to an advanced stage for a PFS prior finding millions of dollars to build infrastructure to mine. The next step for them since they have only $3-$4M in cash left is to option off property to a mid-tier, if they can, who does have the cash, wait for the market to get