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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 gemsearcher2on May 23, 2020 6:03pm
130 Views
Post# 31065325

RE:RE:RE:RE:What a Strange Share Price

RE:RE:RE:RE:What a Strange Share PriceRight on Arycks! hope we are reading this one right !
I like the share structure with about 83mm shares out and only 44% in public float i believe this can get moving up in a hurry if we get the good news we need to get it going.

Obviously the latest news about the super enrichment zone on adjacent property and the new property agreements have brought some new attention to it, at this time it is probably just on a lot of people's watchlist at this time.

But from my standpoint i think that the valuation of the plant itself and and ancillary equipment already provides some hard asset value to the company and although i do not know what the crushing/recovery agreement is on a percentage basis, if the grade of the feedstock improves even just a bit it can probably make a big difference to the bottom line.
So-- with the chance of maybe bringing an ore source into the plant of their own along with that of the regional miners it seems there should be some really good potential upside from here. Here's hoping!
Bullboard Posts