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Red Eagle Mining Corp RDEMF

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.


GREY:RDEMF - Post by User

Bullboard Posts
Post by jjeeddoo7on Nov 04, 2016 12:20pm
239 Views
Post# 25425303

Slow n Steady 'R'

Slow n Steady 'R'We would all love a quick blast to the share price...BUT

Keep some part of your feet on the ground here...

We have only so much in reserves at this time and it is what the market sees.

Sure we all know that there will be much more ozs added with the deposits 
near this project....so a steady drilling campaign is just starting.

We now own 92% of CBJ Gold and their Vetas project needs to be wrapped 
with our CEO's arms and nudged forward, he knows what we have there, in 
due time investors!!

CEO in 5 years, has taken this project from zero to hero, first gold pour is happening,
with 8-10,000 ozs this year. 70,000 ozs next year...this is amazing for a company (and CEO)
to hit every single milestone they have said they would over the years.  no hickups!!
And they even tossed in a couples juicy surprises for us, like this new uplisting, to top it off
how the heck did they nail a single letter symbol..........."R"...........sweet!!

We are really close to being re-rated properly, with mine commissioning, first pour, commercial production, Lima stock exchange listing to allow the large investors there to not pay taxes in Canada or US, really shows CEO understands the market and actually cares about his shareholders future, the uplisting in Canada, and drilling happening this month,the future of the Vetas project and "R" now owning 92%of that project for about 10 million dollars in R paper, which CAPEX is about 57 million......massive win over Batero in that bidding war for control over CBJ Gold.

Bought this project because of some due diligence about the country of Colombia and the noise Continental Gold made down there.  They may have larger reserves and possibly a larger mine, but we are mining and they are still dreaming.  We have a 53% IRR Right now!!

CEO is a  winneR'



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