RE: RE: RE: Bad Junior Market"But on location, why does anyone think Quebec is better than either Argentina or Columbia"
Again, I think everyone agrees it's been a terrible junior market since August rivalling 2008. This discussion all started when PVI reported a nice resource, then jumped to a $150M MCap, located in Ghana. The thinking was in comparing the PVI resource of around 1 Moz's to a similar EAG resource and accounting for location that EAG should command a similar MCap.
Further discussion brought up companies with reported 1Moz resources in Argentina and Columbia with SP's that have not responded to the Gold resources reported. Nothing against Argentina or Columbia but during a world financial crisis is not Canada a safer location for starters and the point was made about closeness of infrastructure on the Windfall claims?
As for the EAG property, we are near a highway,...we have power lines running through our claims, we have a underground ramp and a 58 person camp already built. $25M has been spent on Windfall prior EAG. Milling facilities are in the area (Bachelor Creek Mill) and the biggie, the Quebec Gov't Incentive for mining exploration of 41% of every dollar spent.
Bottomline, if EAG reports a comparable resource to PVI, but in Quebec vs Ghana, should not EAG at least receive the same MCap as PVI? What is EAG's MCap today? They should at least get $100 an ounce.
Cheers, Mark