Red Eagle Mining Corp RDEMF

RE:RE:RE:RE:What's next

[wiseyoungman]

Okay fair eneogh rookie. Perhaps I was a bit to harsh. I understand you lost money here. I would strongly suggest you do some research into the following:

1. Difference between open pit vs. underground
2. Types of 43-101's. They are not all the same (i.e. PEA, PFS, FS etc.).
3. Difference between reserves and resources.(most don't undersand this)
4. The fact there is gold in the ground does not translate to value unless a deposit can be economically mined first, and secondly whether it can be permitted.
5. Secured debt with all mine assets and what happens to shareholders if no money 

There are hundreds if not thousands of juniors that have found gold. 99% will never become mines for the reasons cited in No. 4 above. Permitting open pit mines is extremely difficult. Today, the average time it takes a deposit from initial discovery to commercial production is 19 years. Yup 19 years assuming it is economical. Several decades ago it was 7 years. Today all the easy deposits are gone and permitting is very very difficult. Red Eagle permitted their small mine in 5 years. That was terrific. Too fast without fully undersanding the geology and we all got burned.

If you don't have at least fundamental knowledge, you likely will make bad decisions. If knowledgable retail investors get burnt. GLTA