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 Corporate Profile: Gold Eagle Mines Ltd
    Publisher: Kaiser Research Online
    Author: Copyright 2013 John A Kaiser

 

Gold Eagle Mines Ltd (GEA-T)

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Gold Eagle Mines was delisted on September 30, 2008 following a friendly takeover offer by Goldcorp in July 2008 that offered a cash payment of $6.80 and 0.146 common shares of Goldcorp, which, at the time of closing, amounted to $10.37 per Gold Eagle share, or a total value of $1.1 billion. Gold Eagle was led by CEO Simon J. Lawrence and Chairman Robert Cudney, and was exploring its Bruce Channel gold discovery, located along the Red Lake trend adjacent to Goldcorp's Red Lake gold mine and immediately southwest of Goldcorp's past-producing Cochenour-Willans mine. At the time of its acquisition, Gold Eagle had yet to publish a 43-101 resource estimate for Bruce Channel, but had published in May 2008 a report on the exploration potential of the Bruce Channel zone that described a potential target of14.1 to 16.5 million tonnes grading between 20 and 25 grams gold per tonne, yielding an in situ potential of between 9.0 million to 13.3 million ounces of gold. Consensus views at the time of the takeover described Bruce Channel as likely hosting a 7.5 million gold ounce resource, which would equate to approximately $145 per gold ounce.

Key to Understanding IPV Charts and Spec Value Hunter Tables
An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Click on the company name to view the company profile, the project name to view project details.
Click on the project icon if its background is shaded to get the IPV Chart for that company.
Gold Eagle Project Valuations
CompanyProjectCountryStageIPV $
MM

$100
UPV
$500

$2000
Target MetalsDeposit Style
Key Company Projects
Gold Eagle Mines Ltd (GEA-T)Gold EagleCanadaInfill & Metallurgy $1,200 GoldVein
Peer Projects
Alexandria Minerals Corp (AZX-V)SleepyCanadaTarget Drilling $46 GoldGabbro Complex
Balmoral Resources Ltd (BAR-T)MartiniereCanadaDiscovery Delineation $32 GoldVein / Shear
Confederation Minerals Ltd (CFM-V)Newman ToddCanadaPEA $6 GoldVein
Rapier Gold Inc (RPR-V)PenCanadaTarget Drilling $8 GoldVein / Shear
HPQ-Silicon Resources Inc (HPQ-V)McDonaldCanadaGrassroots $28 GoldQuartz Vein
Comparable Projects
Clifton Star Resources Inc (CFO-V)DuparquetCanadaPEA $212 GoldIntrusive-Related
Premier Gold Mines Ltd (PG-T)HardrockCanadaPrefeasibility $614 GoldVein
Probe Mines Ltd (PRB-V)Borden GoldCanadaPEA $481 Gold SilverDisseminated / Vein
Success Stories
Andean Resources Ltd (AND-T)Cerro NegroArgentinaPermitting & Feasibility $3,599 Gold SilverLow Sulphidation Epithermal Veins
Fronteer Gold Inc (FRG-T)Long CanyonUnited StatesPEA $2,354 GoldCarlin Style
Ventana Gold Corp (VEN-T)La BodegaColombiaPrefeasibility $1,447 GoldHigh Sulphidation Epithermal

 
 

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