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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

Bullboard Posts
Post by oddykogon Apr 22, 2004 9:45am
163 Views
Post# 7387676

Comments

CommentsWe get too depressed by the price of the shares. When gold went to $390 on the way up the price of the shares was soaring. Gold is now back to those levels and we are all depressed, not by the price of gold, but by the price of the shares. ER has taken advantage of the share price run up to fill its treasury to unseen levels and will march on regardless of the price of the shares for quite a while. If the resource is there in sufficient volume (and I expect that to be the case) and if the price of gold justifies an investment there will be financing for a mine. If the price of gold is around $500 when the decision is taken we will suffer a lot less dilution in getting our mine than if we are still at $390, so as that decision nears we need the POG to rise. Time is on our side.
Bullboard Posts