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Gold/Mining/Energy : East Asia Minerals (EAS.V) -- Ignore unavailable to you. Want to Upgrade?

To: 3bar who wrote (894)	5/12/2010 8:37:54 AM
From: TheSlowLane	Respond to of 2456

Yes...in my dreams. <g>

To: 3bar who wrote (894)	5/12/2010 9:15:29 AM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 2456

Would that not be about 50M ozs at $100/oz ? Seems a bit out there..

To: 3bar who wrote (894)	5/12/2010 10:46:58 AM
From: zoo york	3 Recommendations Read Replies (1) \| Respond to of 2456

I would say the last forthy market we had for the PM juniors was in early 2006, and at that time I believe gold was trading in around $700 yet some gold jrs were trading at a multiple of about $200 per ounce in the ground. If I recall, Virginia was taken out by Goldcorp at about that multiple on the basis of an estimated resource since they had not even come up with a compliant resource yet. So given that EAS has no resource estimate yet, but the ongoing exploration continues to suggest massive upside expansion potential (similar to Virginia), I would think sooner or later the analysts will start pricing in a higher resource multiple than $100 per ounce. Gold is north of $1200 and we are still running numbers that are more in line with the sober expectations of a bear market low. I think the PM sector is overdue for a wave of frothy speculative trading, that could drive many juniors much higher. If the peer group begins to trade closer to a $200 per ounce multiple, then EAS with the market leadership should gain at least that kind of premium, and therefore even a 10 million ounce discovery could warrant a higher share price. The trump card seems to be the relatively tight share structure, plus the fact that there is not an overhang of cheap warrants from the last PP. Therefore, if you want to own shares of EAS, you have to pay up. During the dip last week I added more to my position, and I felt very nervous doing that while the TSX was off 200-points for back to back trading sessions. Now I wish I had bought more. That is exactly how juniors behave in a bull phase. We are all still traumatized by the severity of the bear market during the last few years. We have high hopes for our juniors but still see bearish chart formations, gaps to be filled, and look over our shoulders for seasonal weakness and gold market tops. This is indicative that the next round is still in the early stage and we can go much higher if the exploration results stay positive. Today I unloaded a small chunk of the extra trading shares I bought last week. Selling too early is my forte... cheers! mike