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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

Post by ggrelletteon Jun 09, 2023 10:48am
161 Views
Post# 35488426

2 huge problems GER has...........

2 huge problems GER has...........to overcome for them to become successful. First they need constant ore for the mill to run 7/24 365 days per year. This is done by having a MINE or multiple agreements with local miners. Secondly they need consistent ore of 5 grms or better to be profitable. 

On a side note it is time for the hounduras gov't to step up if they want the cyanide problem that local miners cause resovled through using the GER mill. If the gov't is serious about cleaning up this issue then it is time for them to make laws that push these local miners towards ending their cyanide pollution. 

Sadly Karl has a huge hurdle to overcome and maybe with these recent board placements they can start lobbying the gov't. for assistance. Otherwise IMHO the furture does not look bright with these hurdles. What does that mean for ther stock price "Stagnate" is what will happen.
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