Glen Eagle Resources Inc V.GER

Alternate Symbol(s): GERFF

Metals & Mining Industrial Metals & Minerals

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 approxiamtely 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 a 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.

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Comment by lapiastreon Jun 17, 2022 8:43am

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Post# 34763843

RE:RE:And...

with 135m o.s. , the bid would rise significantly if they can put their sh't together. At 150t/d of 6g/t would equal roughly 28 oz gold. 28 X 1800$ = 50k /day 50k X 300 days = 15 millions. Let the stock trade between 4 - 6 time revenues ( wich is conservative) this would give a market cap between 60m to 90m. So average 70m / 135m o.s. it would mean a .50c bid. No catalyst being factored in those conservative numbers. At least, make it to my .20 averate cost so i can gtfo lolll....

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