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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

Comment by Goaweighon Sep 04, 2020 9:58am
296 Views
Post# 31509751

RE:RE:Response from Eastmain Ressource

RE:RE:Response from Eastmain RessourceYes, the Canadian assets were the focus of the deal but instead of having them appraised they had their Peruvian assets appraised and then by process of elimination they determined the value of the Canadian assets. Completely azz backwards.
I guess Evan's and Evan's, a Canadian valuation's company knows more about Peruvian assets than Canadian !!! Ya right.
Had the Canadian assets been appraised as they should have been I doubt they would fetch
$ 50,000,000 meaning the ER shareholders would dominate the deal. 
Yes the Hostake property has a NPV of higher than that but that's just smoke.

Just to add to the worry for ER shareholders is what is the chance of Fury even holding a $ 2.00 bid. Fury will have 117,500,000 shares issued @ $ 2.00 = $ 235,000,000 market cap.
Personally I don't think Fury is worth more than $ 1.00 but we'll see.

If I had the power I'd dump the merger but keep the new CEO, he'd figure it out.

I guess this is the Venture and somehow you guys became orphans, not sure how that happened but it did.
Maybe you'll hit it big , hope so.
Good luck



SecondLast wrote: We were duped. The Valuation that Auryn did on their spinout assets was clearly not anywhere close to what value the market gave them. Then when they went to do the raise for only the Canadian assets no one would give them their own valuation on the bought deal. I just cut bait when they announced the financing price, hate it


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