The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Low Burn Rate
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TREY WASSER, Pilot Point Partners
(09/30/2008)
Eastmain Resources has well over $20MM in cash from their recent offering and warrant exercises. Their corporate burn rate is very low and drilling costs in Quebec are partially offset with tax credits. The cash will support their current ($4MM) exploration budget for the next 5 years. Eastmain’s flagship asset is their Eau Claire deposit in James Bay, Quebec. They already have about 1MM ounces (indicated /inferred) and drill results continue to indicate a much larger resource. They will benefit from the infrastructure build-out at Goldcorp’s (GG) Eleonore mining camp. They have joint ventured their Eleonore South property with Goldcorp who is funding the current drill program. They also have several other properties surrounding the new camp. Download full report. |
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More Experts
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