Eagle Hill current/projected valuation?

Targeting multi-million high-grade oz. in Quebec

Windfall Lake Property, located near Val d'Or, Quebec: Indicated 538,000 oz. (10.05 gpt) / Inferred 822,000 oz. (8.76 gpt) (July 2012)

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luker

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Eagle Hill current/projected valuation?

posted on May 09, 2011 12:07PM

Cannacord Genuity (in their May 3rd Junior Mining weekly Report) calculates the insitu value of a group of ~40 gold juniors based upon their MCAP/oz in situ for an average of ~$130 CDN/in situ Gold oz. The group includes such high flyers as Osisko (actually now in production) so this obviously skews the results (p. 31 of 42: http://serverside1.com/CanaccordMay3-2011.pdf).

For arguement sake lets go with $100/in situ oz Au (give Eagle Hill a bit of a premium for perennially being in one of the worlds's top exploration/mining-friendly jurisdictions ).

EAG current MCAP ~ $27 million (fully diluted) which is ~equivalent to 270,000 oz of gold in situ, using the above metric.

Hopefully Eagle Hill will not release a 43-101 until such time that it has in fact reached that 1 million oz target. Presumably the market will re-rate the company accordingly at that time, which would make it a 3-bagger from its current SP. Perhaps this is wishful thinking on my part.