Re: YOU MINING GUYS..... QUESTION as a small side play.
posted on
Apr 02, 2008 08:23AM
i have been sitting on er since 2005 waiting for something like this to happen. they already had a 1 million oz. resource of high grade gold at clearwater before they hit all that visible gold. we don't know yet what the new resource estimate will be, but it should be considerably higher. goldcorp already owns about 10% of er, and they have two other projects, one of which is a joint venture. the odds are very good that either clearwater or one of the others will be bought by goldcorp if and when they find something economic. of course you need to do the due diligence, but i think this company has the goods and it is still a market cap of only $100 million.