RED EAGLE EXPLORATION LIMITED V.XR

Promises… without a Miracle… Just a Mirage...

[Haiduk]

CBJ spend around 60 Mio to evidence a total of 400 koz Au (indicated and interfered) of reserves… Much more was expected…

In the best case scenario, at this stage, according to market valuation standards (if I’m not proven wrong) those resources could be valued a maximum of 30 USD / oz, or a total of 12 Mio USD… Only in case you value them at 50 SD (take over price), you will reach the current market cap (20 Mio - 0.14 / share, undiluted).

Should the activity be pursued…  No cash… Further dilution…

Within or without the "Paramo" limits (key subject, with a substantial impact on future activities – but now obviously obsolete), with or without (the recently suggested Colombian) “Gold Certificate”, with or without any “International Court Resolution”,…  I do not perceive any positive outcome; the above issues do not appear to be relevant any longer…

However, right now, I’m (very) curious about the reason behind the trading halt… But just because I’m curious...

[mork10]

Only 123K Oz of "indicated resources" after 3 years and 60 million "supposedly" spent in exploration is a joke and probably represents one of the most blatant scams I've ever seen! All the drilling results, corporate presentations and other communications were grossly missleading!! It should be investigated by the canadian securities regulators!!!  I'm convinced as