Wednesday, September 21, 2016 9:16:35 AM
The company did the initial drilling on its project, and the numbers came in quite good. It continued to do infill drilling, which showed that the numbers in its feasibility and economic assessment are actually better than the numbers that it originally looked at. It's going into production here fairly soon. Typically, these companies, when they first make their discoveries, have a huge run-up in their share prices and then a lag in between when they find the discovery and when they move forward with getting a mine built. Moving up into the production phase, we typically see the stock price start to come up again. Then the analysts start to look at it on a cash-flow basis of where they're going to be at.
When we look at Red Eagle compared to a peer group and where we think its production and cash flow will be, the valuation is about half of what we think the peer group is .
https://www.streetwisereports.com/pub/na/four-under-the-radar-investment-picks-in-canada
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