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RED EAGLE EXPLORATION LIMITED V.XR

"Red Eagle Exploration Ltd is engaged in the exploration, development and permitting of mineral properties. It owns the California Gold, Vetas Gold and Santa Ana Silver projects."


TSXV:XR - Post by User

Post by igoldingon Oct 20, 2012 1:21pm
374 Views
Post# 20506391

last moves

last moves

Eike is putting US$ 18.0 million cash for a 10 pct share of the Galway vetas spin Co. They (GWY) only have one property- which they do not own- and it is estimated to have – one million ounces. So that’s a US$180 million valuation for one property. On the other hand CB Gold has 11 properties, only 3 of which have been drilled so far, and trades at a 125 million market cap Analysts have estimated between 4-6 million ounces for CB Gold So there´s the numbers -even if it´s only 2 million ounces at US$250 (what GWY went for), -it´s a $3.00 dollar stock.

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