RE: RE: 43-101"So PVI is getting $152 per ounce...using this same value, we have priced in only 12,125 ounces, in todays MCap, plus close to Infrastructure, in a mining friendly Quebec, underground ramp and camp built. Geez, even Noront Bulk sampled that many ounces!"
Another way to look at EAG, as Brad has commented throughout this year, that through the drill we will prove a minimum 1M oz NI-Compliant Initial Resource. Due within days, 2 weeks from last NR!
Our MCap today for this 1M oz resource estimate represents only $18.43 per ounce Gold, and in Quebec not Timbuktu or some other unstable mining jurisdiction. This Gold can conservatively be valued at $100/oz for MCap of $100M, 5 times current valuation. Market attention since August, currently all eyes Europe, Brokers/Analysts have dropped the valuation ball here and have missed this one prior this news on Windfall!
Cheers, Mark