AFRICAN EAGLE, A Gold Explorer With Massive Potential.
(AFE)
goldfinger
- 06 Jan 2004 01:54
Ive always said I would not start looking at the Gold Explorers untill POG broke through $420, well its done that today and this company in my mind is the best potential producer around, and heres why.
MANAGEMENT
Has two experinced Managers in mining in Mark Parker and John Park, both have extensive exploration management in Africa in mining and have proved themselfs in the past selling out small mines to the big boys.
THE MINES
ZAMBIA.
Here the company as 5 potential Block busters but the REAL GEM of the company Sasere, known as EAGLE EYE is an old Gold mine but recent sampling shows that it could provide massive deposits of Copper and Gold.
These are the drilling results we are waiting for. Estimations are fantastic and we could see that the company is sitting on deposits worth many times over of the market cap of the company of circa 12.2 million.
MOZAMBIQUE
Three sites here and Nickel is the one they are looking for. Dont forget Nickel is the highest commodity riser after Gold and is hitting new highs.
TANZANIA
Big prospect here is Miyabi.
African Eagle are carrying out a joint venture with the giant Miner Gold Fields. Drilling results are to be given to Goldfields by 31/January this year.
If results are expected what the management of Goldfields want, African Eagle retain a 30% stake in one massive deposit.
This is an exciting investment but one that is HIGH RISK like any other gold explorer.
We should have news very early on two fronts.
If this news is positive we are looking at one hell of an investment.
Please Dyor and remember your buying and selling actions are in your own hands.
at last there appears to be something happening on this one...WEBCAST Tips says there are shedloads of rumours circulating that 4 mining companys are intereteseted in buying into Eagle Eye...followed by lots of buys this morning...fly fly fly eagle
Well Its been a long time coming but at last we have some good news to send this share back up to where it should be (20+) It'll be interesting to see where this ends up by 4.30!