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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 09, 2016 7:33pm
228 Views
Post# 25442723

Article

Articlespeaks of a take out...ripe one at that

obviously we have the mine up and running with the 8-10,000 ozs this year and commecial prodution right around the corner with the new year.  We still need to have the big players get some of their cash back from the monies we have raised with dividends coming by possibly summer of 2017, we need a few million to build out the production to double later next year also,
However they will defineltely need to drill out some od the other deposits near the mine in order to raise the resources..

With that accomplished late next year, where does the market value the CBJ deposit of Vetas?  And would a buyer not have to understand that Vetas would more that double our rescources to a valuation beyond the local deposits?  

Would like to have Ike toss out his 2 cents on trying to establish a valuation!  
One valuation for near term take out, and one for 18 months from now with additional drilling and Vetas closer to mining!   Please.
Bullboard Posts