eag
Had an eye on windfall for a number of years but haven't been in EAG lately.
One big question is, assuming they do prove up 1 million ounces, at what grade? Metanor expanded the Barry deposit from something like 125k ounces at 3 gpt to 1 million ounces at about 1 gpt. Investors clobbered the stock, appropriately, because the resource report showed they had a huge amount of gold but very cruddy stuff.
Still, I would have to think EAG will be able to show a decent grade considering the excellent grades over substantial number of meters that many of their drill holes have shown.
I am thinking about buying a bit of this stuff.
One thing about it, you only do well on a winning stock if you get in BEFORE it becomes a winner.
It seems like you are looking here at something with maybe a 1000% upside potential and 50% downside potential.
I always like having a few bucks on hail mary plays. Come to think of it my main hail mary happens to be Noront, which gave up on Windfall either because it was too hard to understand or because they thought base metals were the wave of the future.
Well, although I am a layman it seems like the folks at EAG have developed a lot better understanding of Windfall.
Maybe the promise of the 5000 g-m glory hole will one day be realized. I would hate to not have a few chips on the table if and when that happens.