EAS.v - Final govn't decision pending | final PP plannedFinal government step via the AMDAL decision is imminent. With a favorable decision, all government steps are complete in issuing the production permit, giving way to gold production in 6 months after ground is broken at $700/oz cost. At current gold spot price of $1700/oz, that's $1,000,000 gross profit per month for EAS.
Consideration is whether to bet before amdal decision or after. Just like a biotech stock, betting before and holding through the favorable decision will yield a big % gain. Bettering after the favorable decision is not a loosing bet either, but the big % gain is before the announcement. Since the march lows, this has gone up 400% from 0.02 to 0.09 highs. Last week we had a slight dip, with momentum back on the bulls side with a few days of shaking some loose shares off. https://schrts.co/quNVkGtG
Per the Equity Guru article: "East Asia is currently valued at a mere $6.82M, based on its recent close at $0.065. With two significant resources (more than four million ounces if my math is true) and a fast track plan to production, a significant re-rating event could unfold in the coming weeks/months." Whatever this re-values to, let’s say 0.15, that’s 400% already from pp pride of 0.035 or 100% from today’s price. If this goes to $0.6 in next few months, that’s 400% gain (not bad) after amdal, but 700% from today’s price or 1700% from pp price. Do u want 400% or 700%?
Unlike last run to 0.12, this looks like more sustained based on past 3-4 weeks of market action, with AMDAL news expected at any time. After the decision, it was hinted on the Amvest Capital call (New York based hedge fund) that a final private placement would be conducted to pay for the dead rent tax, with permit in hand sometime July/August. Construction funding would be financed not with issuing shares but with gold swaps or royalty deal. If this is the fact, aside from being an accredited investor in subscribing to the PP and getting free warrants, the only way to participate in the EAS action is via purchasing shares in the secondary market.
Since being a $600m market cap story, gold in the ground has not disappeared. Yet the market cap has shrunkto $8m market cap. If this story unfolds with $1,000,000/month gross profits and continuing on to add 3,410,000 oz gold from Miwah back into the books, at 104m shares and valuing each oz at $30/oz, that's $0.98/share of value, vs current $0.08 market price.
Either way, whether one looks at it for the tradeable AMDAL decision,or a longer hold into the final financing, or even longer into realizing the $1m-$4m gross profits per month followed by drilling of the other 90% undrilled areas at Sangihe, and the 3.41m oz of gold at Miwah, this is not staying at $0.08 for much longer.