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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 Zo$oon Feb 02, 2013 3:55am
119 Views
Post# 20928289

RE: RE: RE: Hi basher

RE: RE: RE: Hi basher

I agree, any time a stock hangs under 5c for too long, a rollback is a possibility, but not a necessity. Really depends on the direction of the company. In this case, There really hasnt been that change. The projects have potential and are in good standing.  Management is intact. Costs are low. Biggest thing was Carbo.  Possibly the worst time to come back with poor drill results was when they did after the last program, and the stock was especially punished because of it. Though even positive results I suspect would have hammered the SP (and I won't even begin to try to figure out what the market considers positive REE results to be)

Bullboard Posts