Red Eagle Mining Corp RDEMF

Metals & Mining Industrial Metals & Minerals

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.

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Red Eagle Mining Corp

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Comment by wiseyoungmanon Feb 07, 2017 2:02pm

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Post# 25811479

RE:Go on and sell

Agree with Jomo 1984.

Read the tea leaves. BOM did a bought deal which had a lot of demand and was further increaseed. BOM research knows a lot more about what is going on with Red Eagle mine and their land packages than most on this board.

My guess is that drilling results will come in before commercial production ("CP") is declared. Why? Because once CP is declared the company will have to provide guidance on future production. Ian Slater indicated clearly that the goal is to double production which can only happend with adjacent drill targets. Also drilling the San Ramon extension, which is also happening now, is to extend the mine life. This will be a reset of valuation for the Company as a whole.

GLTA

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