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Eagle Royalties Ltd T.ER


Primary Symbol: C.ER Alternate Symbol(s):  ERYTF

Eagle Royalties Ltd. is engaged in holding royalty assets. The Company holds royalty interests in approximately 35 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds and industrial minerals. The Company’s portfolio includes the flagship AurMac (McQuesten) Royalty that overlies a portion of Banyan Gold Corp’s gold discovery at their AurMac Property located in the central Yukon Territory. Its Schott's Lake Royalty, George Lake Royalty and Knife Lake Royalty are situated in Saskatchewan, Canada. The Eskay Creek Royalty is situated in British Columbia, Canada. Its other royalties include Acacia, Adamant, Albert Lake, Axis Lake, BC Mas, Beaven, Black Diamond, Black Water Regional, Brownell Lake, Cathro, Coyote Creek, Cup Lake, Elsiar, East Goldfield, Fort a la Corne, Dianne Lake, Hanson North, Hot Punch, Hunter Basin, Manson Bay South, Kalum and more.


CSE:ER - Post by User

Bullboard Posts
Post by bot_feederon Jul 08, 2010 11:31am
505 Views
Post# 17253714

43-101

43-101
A little disappointing but you're guess is probably realistic.  When Dr. Don at the Vancouver conference pointed to his briefcase and said all the data for the 43-101 is in there (I didn't listen carefully enough to glean whether he was saying just the raw data is there or if the actual resource calculation was in there).  But anyway it seemed like there was at most some calculations yet to perform and then of course the outside review.  Considering the Bre-X thing (I wasn't following commodity stocks back then but I gather that was one heck of a scandal), I imagine outside companies who do evaluations on 43-101's probably tend to take nearly the whole time they are allotted to make sure they don't miss anything.  So I suppose they will probably use nearly all of that 45 days.  Seems like then we may be looking at possibly early to mid August.

On the other hand, when does a junior ever report anything when you expect?  So your expectation of late August at the earliest is probably a good hunch.

One thing I hadn't considered- when the outside company completes its review, I wonder if it is commonplace even when the exploration company did a good job working up the 43-101 that they will come back with some minor corrections they will ask the company to make in the report.  So maybe there is an iteration back and forth that adds a few weeks.

Anyway, it seems like we should at least expect that this thing will be released by the middle of September.
Bullboard Posts