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Eagle Royalties Ltd T.ER


Primary Symbol: C.ER Alternate Symbol(s):  ERYTF

Eagle Royalties Ltd. is engaged in holding royalty assets. The Company holds royalty interests in approximately 35 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds and industrial minerals. The Company’s portfolio includes the flagship AurMac (McQuesten) Royalty that overlies a portion of Banyan Gold Corp’s gold discovery at their AurMac Property located in the central Yukon Territory. Its Schott's Lake Royalty, George Lake Royalty and Knife Lake Royalty are situated in Saskatchewan, Canada. The Eskay Creek Royalty is situated in British Columbia, Canada. Its other royalties include Acacia, Adamant, Albert Lake, Axis Lake, BC Mas, Beaven, Black Diamond, Black Water Regional, Brownell Lake, Cathro, Coyote Creek, Cup Lake, Elsiar, East Goldfield, Fort a la Corne, Dianne Lake, Hanson North, Hot Punch, Hunter Basin, Manson Bay South, Kalum and more.


CSE:ER - Post by User

Post by Wasisnameon Jul 30, 2020 8:31am
386 Views
Post# 31342187

Can we expect other offers?

Can we expect other offers?I have dug up three analyst reports written prior to the May 23, 2018 PEA that had an average target price for Eastmain of $1.05 (Laurentian Bank: $1.15, Echelon Wealth Partners: $1.00, Paradigm Capital: $1.00). Two analyst reports written in 2018, after the PEA, had an average target price of $0.49 (Industrial Alliance: $0.48, Cormark Securities: $0.50). The PEA shows an after-tax NPV(5%) at $260M with $1250/oz gold or $315M at $1350/oz. The Eastmain website shows current fully diluted shares at 326M. In addition to the Eau Claire deposit, they have some interesting exploration projects. Although Auryn may have put a respectable offer on the table, it would not surprise me to see other offers come along before the deal is done.  

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