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DON'T BUY

They haven't indicated a discovery in the St. James Bay area, though he likes the management and this part of the world for exploration.

precious metals
COMMENT

This has a project in Québec and the recent drilling is now starting to transform it into something that is far more geologically interesting. It is something he is keeping an eye on. Doesn’t feel they have critical mass yet, but it is growing. A very interesting story.

precious metals
BUY

(Market Call Minute) There will be a ton of news flow from this one and excitement over the next year.

precious metals
COMMENT

Have spent over $30 million delineating a high grade quartz vein in central Québec. This is the year when we finally find out what the economics are of open pitting the upper part of this system and then going underground. They have about 1 million ounces of 4 g per ton and another million more ounces which they actually had to kick out of the resource when they finally understood the controls of the mineralization. If you don’t understand the controls, very bad things happen. The stock does hold promise. Hopes they get more ounces out of the drilling they have done that they can put into the mining plan.

precious metals
COMMENT

The big catalyst going forward is if they found, identified and drilled out an economic deposit. Have been drilling this project for 10 years plus. They continue to hit mineralization, and there is good mineralization on it, but his concern has always been it’s a shattered up vein system, so it is difficult to put in a high grade mining scenario because the veins are jumping around. Not convinced it is a significantly economic deposit.

precious metals
HOLD

Good for a long-term hold? Likes the story. Have a deposit in Québec and they may have 1,000,000 ounces of really high-grade, open pit of 3-4 g per ton. Very economic and very close to Goldcorp’s (G-T) Elinore. In this environment, it could stay at this price for a year or so.

precious metals
DON'T BUY
Mineralization occurs in a number of structures that are parallel but not necessarily connected. The difficulty they are going to have is bulking this into one deposit that actually works. This was his problem and why he never bought it.
precious metals
PAST TOP PICK
(A Top Pick June 3/09. Up 1.05%.) Multi-project company mainly in Ontario, with 3 advanced stage exploration. More than a survivor in the exploration business and is only a question of when that one of its major partners decides to buy in or take them over.
precious metals
BUY
In the last 12 months, have found a real possibility of 2 multi-million ounce deposits. Well above average drill results. Have major mining companies as partners. Logical takeover target, particularly from Goldcorp (G-T).
precious metals
BUY
Good management. In the last couple of years they had 2 major gold discoveries and have just announced a third. Prime takeover candidate.
precious metals
DON'T BUY
Gold. Located in Quebec. Although they are pulling some very nice drilling sections and some high grades in intervals, he is unable to tie the intersections together. This creates high costs. Hasn't seen enough to indicate there is an ore body there.
precious metals
TOP PICK
Located in Quebec where you get almost $.50 back for every $1 spent on exploration. Have major mining companies as partners. 2 very developing big deposits, one with continuously high grade. About $20 million in the bank. Great management.
precious metals
BUY
Gold exploration in the James Bay area of Quebec. Will have a very active drill program in 2008. Price will be driven on news. Had some interesting early drill results. Real future will be determined on its drill results this year, which are going to be substantial. Deserves a small space in the portfolio for its speculative appeal.
precious metals
PARTIAL SELL
You have to be careful when you see the kind of rally it is in from $.75 to $1.30. Some profit taking could set in. Stock will probably go higher, but you could sell a bit of your position to lock in some of your profit.
precious metals
BUY
Wonderful land positions around Red Lake. Has taken the turtle approach in what is usually a rabbit race in exploration. Is expecting aggressive drilling later this year.
precious metals
Showing 1 to 15 of 20 entries

Eastmain Resources Inc(ER-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Eastmain Resources Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Eastmain Resources Inc(ER-T) Frequently Asked Questions

What is Eastmain Resources Inc stock symbol?

Eastmain Resources Inc is a Canadian stock, trading under the symbol ER-T on the Toronto Stock Exchange (ER-CT). It is usually referred to as TSX:ER or ER-T

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In the last year, there was no coverage of Eastmain Resources Inc published on Stockchase.

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Is Eastmain Resources Inc worth watching?

0 stock analysts on Stockchase covered Eastmain Resources Inc In the last year. It is a trending stock that is worth watching.

What is Eastmain Resources Inc stock price?

On 2020-10-12, Eastmain Resources Inc (ER-T) stock closed at a price of $0.28.