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Eagle Hill Exploration Corporation V.EAG



TSXV:EAG - Post by User

Comment by Observer10on Jan 20, 2014 7:39am
173 Views
Post# 22110150

RE:RE:RE:RE:Question for anyone

RE:RE:RE:RE:Question for anyoneCan't answer precisely your question. IMHO, the price of gold will not return to the heady days prices, at least for a long while. Investors interest in gold stock has wanes but are so oversold that a rebound is possible. However, I think that larger cap one with more liquidity will be favored before small caps. Even with 3 million oz. I don't think their is much interest now in the venture stocks in general. Only knowledgeable investors with deep pocket would fetch money. A large cap company looking to add more resources. Just look at Goldcorp and Osisko last week.

Back in the days (i.e. 2007), EAG might have pop to 2$ in a perfect market, with an ascending price of gold. Now, that's anyone guess. 0.25$, 0.30$, 0.50$, who knows. Also, building a mine is a long and costly project. EAG is a speculative stock with lots of float. Float doesn't help. Price of gold doesn't help. Interest doesn't help. So I think it's more of a guessing game than anthing.

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