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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

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 approximately 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 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.


TSXV:GER - Post by User

Comment by lapiastreon Nov 29, 2022 7:56am
76 Views
Post# 35135971

RE:RE:RE:Scanner

RE:RE:RE:ScannerI look at quarter to quarter improvement on the balance sheet, while keeping a mid-long term view on the business. The gain from moose lake is NOT a one time event, as GER still have a 17% ownership through shares, but GEM legal event IS a one time event. Considering that they curtailed production because rainy season AND poor graded material (wich would use the newly repaired cone crusher for basically nothing), i think they still did pretty well imo. I do agree with your xmas list, except for first potash, i would prefer it to be first phosphate.... ;)
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