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EGR Exploration Ltd V.EGR

Alternate Symbol(s):  CDNMF

EGR Exploration Ltd. is a Canada-based company. The Company’s principal business activity is the acquisition and exploration of mineral properties. The Company is exploring for gold in the Detour-Fenelon Gold Trend, approximately 300 kilometers (km) north of Timmins, Ontario. The Company’s 34,681-hectare (ha) Detour West gold project is contiguous to Agnico Eagle’s property, which contains the Detour Lake Gold Mine and is approximately 20 km from the mine, which is also hosted in the Abitibi Greenstone Belt. It is targeting gold deposits associated with the potential extensions of the Detour-Fenelon trend structures onto the West Detour property. Its Urban Barry property is in the Urban Township of the James Bay region of Quebec in the Abitibi Greenstone Belt. The Urban Barry properties encompass an area of approximately 6,900 ha and directly adjoins Osisko’s Windfall property, with the Langlois base metal-silver-gold mine located approximately 30 km to the northwest.


TSXV:EGR - Post by User

Bullboard Posts
Comment by bbmmwwm3on Oct 26, 2012 10:12am
215 Views
Post# 20526817

RE: iron project

RE: iron project

So Mike mentioned in that video that he would want to sell the asset. 

I was thinking what kind of valuations would you put on an asset like that?  With the potential of 30 million tons of ore at a conservative number, and ore selling for $120/ton as a finished product, would $10 a ton be reasonable?  That would value the asset at $300 million, or $5 a ton, so a valuation of $150 million?  We have 150 million shares so at $5 a ton we should be valued at $1.00/share without any multiple being applied. 

Curios as to what others feel or think.  I think we have a huge discrepency in share price if in fact the value of the asset is correct.

Bullboard Posts