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Stockchase Opinions

John EmbryGold Eagle Mines Ltd.GEA.TOHOLDFeb 08, 2007

There is supposedly a lot of ounces in their Redlake project. The problem is, it's very deep. Still likes, but it is no longer risk free.
$8.20

Stock price when the opinion was issued

oilgas
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COMMENT
(Market Call Minute.) Being acquired by Goldcorp (G-T), which is a good company.
WAIT
Possible acquisition by Goldcorp (G-T). Really interesting story. Right next to the Red Lake gold camp that Goldcorp owns and it looks like it is the extension of the high-grade zone. Incredibly deep and the land is under water so they've had a hard time drilling. Will need more time.
HOLD
Have very good analogues to the Red Lake Camp for Goldcorp (G-T). Thinks that gold stocks overall are going to be pulling back for the next 3 to 6 months so there may be some weakness.
BUY
Directly adjacent to Goldcorp’s mine (G-T) in Red Lake and have 5 drills working this site. There is a potential to expand the deposit. Very good hold long-term.
BUY
Right next door to the Gold Corp (G-T) property, which needs to expand. Takeover target.
DON'T BUY
A downtrend, when the market is going up. Stock has dropped too far, it will have a little bounce, which is what it's doing now. A stock needs a little time before going up, otherwise it's just bouncing around which is good for day traders but not for most investors.
COMMENT
A fantastic gold exploration play. They think they have 8 to 10 million ounces of gold however; it's a long way until they actually produce these ounces. The stock has gotten ahead of itself.
HOLD
In the prolific Red Lake area. They have a large prospecting area.
BUY
In the Red Lake area in Ontario. Geologically it looks fantastic. Expects to see more exploration results over the next year and, eventually, a mine.