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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: J.E.Currie who wrote (85)	5/26/2002 11:44:59 AM
From: Rise	Read Replies (1) \| Respond to of 5423

V.EUK - Eureka Resources Insiders own over 70% of the issued and outstanding shares. Very tightly held with little public float. When they decide to give Eureka a life, then watch this one go. Problem is that the key principal has lots of money and doesn't rely on stock promotion to pay the bills. Nevertheless, Eureka has a 100% interest in the Frasergold project in Central BC. The project was actively explored in the 1980's and the company managed to prove a 650,000 oz Au per ton resource exists on the property. Stopped exploration because a major determined that a gold price of US$425/oz was necessary for the project to be economic. Perhaps, it's time for management to revisit the Frasergold project and see if they can increase the size of the deposit and/or grade? I look at some of the other comapnies on the list and do a little dd and think that Eureka is as good a pick as some of the others which are just grass roots plays. And if gold hits the $1,000 to $1,500 per oz target that some of you have been throwing around on the thread, then Eureka is going to be a winner. good luck. rise