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Eagle Plains Resources Ltd V.EPL

Alternate Symbol(s):  EGPLF

Eagle Plains Resources Ltd. is a Canadian based mineral exploration company operating in Western Canada exploring for gold, critical-metals, uranium, lithium, rare earth elements and industrial minerals. Its business is engaged in acquiring grassroots critical-and precious-metal exploration properties. Its projects include Acacia Project, Iron Range Project, Kalum Project, Vulcan Project, Cathro Project, Knife Lake Project, Olson Project, Schotts Lake, Dictator Project, and Elizabeth Lake Project, among others. The Acacia Project is located 60 kilometers (km) NE of Kamloops, British Columbia (BC) and cover approximately 4857 hectares (ha). The Iron Range Property is located one km NE of Creston in SE B.C and covers 70,473 ha. The Kalum Property is located 35 km NW of Terrace, BC. The Vulcan Property is located 30 km NW of the historic Sullivan Mine at Kimberley, British Columbia. The Elizabeth Lake Project cover an area of 1266 ha and are located 21 km north of La Ronge, Saskatchewan.


TSXV:EPL - Post by User

Comment by NineLiveson Mar 19, 2023 6:53pm
101 Views
Post# 35347965

RE:RE:RE:Re Free Shares...

RE:RE:RE:Re Free Shares... Hi diggin, first of all the spin out is 1 Royalty share for every 3 EPL shares owned at record date, not 1 for 1.

Secondly when a spin out like this happens it's always hard to quantify a price of both entities after everything has been approved and shares issued.

Personally to help me justify my large holdings I look at what I think the Royalty company will be worth. Then look at EPL's exciting properties, especially Vulcan and then what $$$ amount does Terralogic add to the value.

As mentioned before a long time ago my first target was 30 cents which I raised to 40 cents based on how well Terralogic was doing. Then once I got to know how much the Royalty side was worth I then raised the overall value of just EPL at 80 cents to $1.10. So as it stands pre- spin off that would be my target. This target will change as more news is released, re properties and just Vulcan. Any increase in Terralogic earnings. Any major increase in the stocks that EPL owns of other companies and royalty payments commencing as production begins. As you can see it's all very fluid and with the POG settling just below $2,000 all very exciting.

Hope that helps.


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