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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
Comment by BT_Speculatoron Nov 26, 2010 1:49am
460 Views
Post# 17760582

RE: RE: 2 guys...spexstox

RE: RE: 2 guys...spexstox2guys, I will mention it to the board when I sell. 

Honestly, I have a fairly large position in CIN and I do not intend on selling unless 1 of 2 things happen:

1. CIN does not hit a significant find after the results from the 2nd set of holes are released.
2. CIN hits the $2.50 to $3.00; even then I will only sell my partial position.

I have a fairly broad portfolio which I never post on and I trade a lot of commodities as well.  I don't usually hold a company for a long period of time as I typically trade them frequently based on technicals. 

I also hold EMI and IMT, but CIN is the leader in the region (with the exception of the Spectrum - a private company) and it should lead the pack once we start to move.  With the aggresive drilling schedule and gung-ho and enthusiastic management team we should see a very nice upward trend once we get some good grades.

We can be rewarded significantly if the Rocky Mountain REE belt in fact becomes a world class discovery.  I believe the risk versus reward here makes good sense here.

 


Bullboard Posts