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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 nohype7on Aug 23, 2016 9:39am
83 Views
Post# 25167134

RE:Points of view

RE:Points of viewWell said, really_in_to_it.

And let me add a few other points:

1) GER has a very good relationship with the government of Honduras. (This is extremely important because no mining company can expand without the cooperation of the government. Getting permits and other authorizations can delay or even stop a mining company in their tracks.)
2) Honduras has plenty of cheap labor (Again, this is very important because labor is the largest single factor in determining the cost of production for any business)
3) Plenty of room to grow. Honduras has plenty of cheap land available for growth and Jean now has plenty of money to buy multiple concessions.

Bottom line...GER has a very well-thought-out plan for expansion. Equipment is on the way from China. Concessions are being purchased. Labor is being hired and trained. NOW is the time to buy shares because GER is gearing up for major growth!

Just my opinion, of course.

Nohype7
Bullboard Posts