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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

Glen Eagle Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation of mining properties. The Company is engaged in the production of gold and silver from the purchasing and processing of material in Honduras. Its activities also consist of owning mining concessions in Honduras where it intends to proceed with an exploration and evaluation program. Its La Cobra property is composed of one claim covering approximately 775 hectares and located in the Valle Department, Honduras. It has three areas of interest for lithium, in the Lebel-sur-Quevillon area: Lessard property, Perigny property and Nicobi property. The Nicobi property is characterized by a one km long lake-bottom lithium anomalies varying from 33 to 45 ppm of Lithium. The Perigny property is characterized by seven km long lake-bottom lithium anomalies varying from 19 to 26 ppm of lithium. It is also looking for exploration and evaluation activities located in Quebec, Canada.


TSXV:GER - Post by User

Bullboard Posts
Comment by BobBuilderon Oct 12, 2013 6:25pm
59 Views
Post# 21813419

RE:RE:What's next?

RE:RE:What's next?

Thanks for that GG.  I understand the angle with the tailings.  I'm not sure I see any shareholder value, however.  Some cash may come in, but the dude who purchased the porta-potty-mill will want his money back, and then salaries / board fees / lease payments, etc  all take their piece of the pie.  This looks more like a band-aid to keep ger afloat, rather than a cash cow to feed the other projects IMO.   If those projects are going to ever go into production, they'll require mucho dinero will they not?  How many years of sifting through tailings will it take to fund the $40+ M capex of the Lithium project? 

People here wave flags because of no dillution, meanwhile the projects stay underground because of no cash.  If I was holding this for years like the pumpers here, I would be questioning that logic.

Thanks for the gobbledygook Lana_metal.  But money talks and bull(crap) walks... from what I can tell, nobody's making money here.


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