RE:RE:RE:RE:take out offer coming clear water we are gone at 35 cents
At this time they mention only that they are doing PEA Optimization and Eau Claire Extensional Drilling. Quite excited by the drilling.
From July 2, 2020 News : https://www.eastmain.com/investors/news/index.php?content_id=232:
“Since 2016, we have improved and expanded our Eau Claire Project. The Eau Claire Preliminary Economic Assessment specifies an NPV of C$260 million, initial capital spend of C$170 million and a payback of 3.1 years using US$1,250 gold. In today’s over US$1,700 gold environment, our Project’s economics significantly improve before considering any of the other optimizations we have identified. In addition to optimization of the current resource, we intend to extend and improve the continuity of our High-Grade Schist (HGS) veins. These veins feature significant thickness and have the ability to add considerable resources once extended.”