New share holder- personal observations
Greeting to all on the EAG board.
After doing my due dilligence on the ore body that EAG is developing, I have (and will continue to) picked up shares in what I would consider to be a very lucrative opportunity for a healthy return.
Although I came across EAG by accident, my investing in it, is not accidental. I have looked at the drilling results, the ore body potential, the aggressive management, excellent technical people, and the very real possibility of having 1M - 5M oz. Au, and have a hard time to see where this project might fail.....barring a total global meltdown. I have also the benefit of many other professional contacts that give me feed back on projects such as these.
So, why am I so optimistic? Because of my background in the mining analytical field (industrial chemist), and the fact that I have analyzed in whole or inpart many uncountable core samples for almost every known element. I am now a private metallurgist who does consultation, research and development for various mining companies, to recover tailings or improve their processes. I have retired early in part from my success in picking winners in the jr. exploration companies. If you choose to call it luck.......well I'm still retired! The 97% recovery is impressive but it will be tweeked higher yet! I do not know what other valuable metals are present though as yet; it is uncommon to have just a lone gold play without silver, copper moly etc.? Further value possiblities!
This ore body though is one that has exceptional potential, and unless the management is falsifying its data.....is of the very best that I have come across in a long while! Remember that I have seen perhaps tens of thousands of core samples, drill results etc.
I do not usually invest in a company that only has one project, as this may be considered the negative aspect of EAG. However with only one project their total financial and technical resources can be focused on getting the job done, instead of spreading their resources and talents on several projects at one time. That is why this project is gathering momentum!
Of special interest is the amount of potential ounces of gold that are stated and will no doubt be further found. Over the past few months major gold companies such as Barrick, IAMgold, Bonanza gold, etc, have all stated on BNN that they are on the look out for juniors with gold reserves over 1M oz.. If the reserve proves out at 2M or more, I don't have to explain what will happen to these sps when the "big boys" come calling. You can be sure that EAG is on their radar!! Some of the majors have paid up to $1100/oz for gold....... IN SITU!
I see good things for EAG, but be aware that it is only my personal observations and opinion and investors MUST do their own due dilligence or consult a competent financial advisor before investing!
Regards:
Solver