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EGR Exploration Ltd V.EGR

Alternate Symbol(s):  CDNMF

EGR Exploration Ltd. is a Canada-based company. The Company’s principal business activity is the acquisition and exploration of mineral properties. The Company is exploring for gold in the Detour-Fenelon Gold Trend, approximately 300 kilometers (km) north of Timmins, Ontario. The Company’s 34,681-hectare (ha) Detour West gold project is contiguous to Agnico Eagle’s property, which contains the Detour Lake Gold Mine and is approximately 20 km from the mine, which is also hosted in the Abitibi Greenstone Belt. It is targeting gold deposits associated with the potential extensions of the Detour-Fenelon trend structures onto the West Detour property. Its Urban Barry property is in the Urban Township of the James Bay region of Quebec in the Abitibi Greenstone Belt. The Urban Barry properties encompass an area of approximately 6,900 ha and directly adjoins Osisko’s Windfall property, with the Langlois base metal-silver-gold mine located approximately 30 km to the northwest.


TSXV:EGR - Post by User

Bullboard Posts
Post by BT_Speculatoron Nov 12, 2010 2:32am
398 Views
Post# 17696925

Risk vs. Reward

Risk vs. RewardI enjoy reading these posts.  I get a good laugh from pessimists who seem to be agitated for one reason or another then they go on calling the management team liars and finally comparing CIN to BRE-X.

First of all, CIN is a exploration company with descent potential.  Currently trading at 0.69 with 66 million shares fully diluted (including all warrants and options) equates to roughly 45.5 million.  Some posters mentioned that they want proof with assays.  That is fine and there is nothing wrong with that.  However, if the results turn out to be as good as what current CIN investors think they'll be you will not be able to buy CIN for a market cap of 45.5 million. 

Obviously there is risk involved with this speculation / investment, but the more confirmation you want the more it will cost you.  Only you can assess what risks you are willing to take.  Most investors here are true believers and thinks that the reward is worth the risk. 

Do your own DD and decide for yourself.
Bullboard Posts