Q: Hello 5i,
What is your view of AE today.
Thanks,
George
What is your view of AE today.
Thanks,
George
5i Research Answer:
American Eagle Gold corp has seen a surge in prices recently but we would vew the name as speculative and higher risk. The company is pre-revenue and typically burns 2 to 4 mln in operating cash flow a quarter. The balance sheet gives them som room though with $30 mln in cash adn recently closed a private placement with Eric Sprott.