Interessanter Bericht eines Besuchers der Precious Metals Summit zu RD
Here are highlights and some of my own observations, from Red Eagle's $RD presentation today at the Precious Metals Summit in Zurich:
First (by way of paraphrase), here are some point in the presentation that stood out to me:
The numbers you see in the feasibility study include just 1/2 of one shear zone at the San Ramon deposit (and ONLY to a depth of 200 meters).
They have already drilled to a depth of 650 meters and "pulled up the same material."
So just with regard to the initial deposit at San Ramon, there is an opportunity to expand the resource in several ways:
* at depth (as part of the initial construction, they are putting in the 'decline' this week and can then subsequently drill at depth from there)
*on strike
* to the east
* and in other parallel shear zones
Now importantly, remember that the initial San Ramon resource is included on a small portion of the 100 square km land package.
Red Eagle has mapped 2000+ historic adits and 100 surface mines on their land holdings. None of that has yet been drilled.
With regard to the 50+ percent controlling interest that has been obtained in CB Gold: the Red Eagle spokesman said that they acquired their stake for ".12 cents on the dollar."
On plan to begin production at the start of Q3 2016 and then should be in commercial production by the end of Q3 2016.
The stock is trading at 0.8 of just the first year's anticipated cash flow.
Note: I am not a registered investment advisor and I do own a position in Red Eagle stock (several 100s of thousands of shares) -- so I am biased. Please perform your own due diligence and stay diversified. Diversification becomes especially important when considering the jurisdictional risks of single-country mining operations.
That said, here are my thoughts, FWIW:
How people could listen to today's presentation and not push the stock higher, I don't understand. From my perspective, they not only are in position to turn a serious profit at the current depressed prices for gold; but have a significant chance to see exponential growth in the resource, over time.
And this is to say nothing of the downstream potential of CB Gold's holdings or what the cash flows will be like at a higher gold quote, once in production.
I was in there today, accumulating more shares. Some days, it feels like I am the only buyer.
Good luck to all.
Here are highlights and some of my own observations, from Red Eagle's $RD presentation today at the Precious Metals Summit in Zurich:
First (by way of paraphrase), here are some point in the presentation that stood out to me:
The numbers you see in the feasibility study include just 1/2 of one shear zone at the San Ramon deposit (and ONLY to a depth of 200 meters).
They have already drilled to a depth of 650 meters and "pulled up the same material."
So just with regard to the initial deposit at San Ramon, there is an opportunity to expand the resource in several ways:
* at depth (as part of the initial construction, they are putting in the 'decline' this week and can then subsequently drill at depth from there)
*on strike
* to the east
* and in other parallel shear zones
Now importantly, remember that the initial San Ramon resource is included on a small portion of the 100 square km land package.
Red Eagle has mapped 2000+ historic adits and 100 surface mines on their land holdings. None of that has yet been drilled.
With regard to the 50+ percent controlling interest that has been obtained in CB Gold: the Red Eagle spokesman said that they acquired their stake for ".12 cents on the dollar."
On plan to begin production at the start of Q3 2016 and then should be in commercial production by the end of Q3 2016.
The stock is trading at 0.8 of just the first year's anticipated cash flow.
Note: I am not a registered investment advisor and I do own a position in Red Eagle stock (several 100s of thousands of shares) -- so I am biased. Please perform your own due diligence and stay diversified. Diversification becomes especially important when considering the jurisdictional risks of single-country mining operations.
That said, here are my thoughts, FWIW:
How people could listen to today's presentation and not push the stock higher, I don't understand. From my perspective, they not only are in position to turn a serious profit at the current depressed prices for gold; but have a significant chance to see exponential growth in the resource, over time.
And this is to say nothing of the downstream potential of CB Gold's holdings or what the cash flows will be like at a higher gold quote, once in production.
I was in there today, accumulating more shares. Some days, it feels like I am the only buyer.
Good luck to all.
hast immer sehr schöne Charts 
Guten Morgen! 
