TSXV:EGA.H - Post by User
Post by
TSX-Newson Jun 27, 2012 11:17am
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Post# 20059320
Facts
Facts 1. Recent gold hit on highly underexplored property in Brazil
2. More results are pending over the summer
3. Plenty of cash so it's not at risk of dilution
4. Management have options vesting immediately which means they expect some news that will pop it significantly above 16 shortly. They might be wary of a pullback thus the immediate vesting but that's only a concern for those who chase at 30 and above, not for those who have average costs under 16. The options will provide further cash influx to the company, insider money, again prolonging any need for future financing.
5. Past samples have grabbed up to 100 g/t meaning there's always potential a vein will be hit like that and those are the kind of NRs that send a stock 300-1000% upwards within a trading day.
6. Market cap is $8M.
What more could you want from a junior explorer?