In this article, I'll have a closer look at Red Eagle Mining (OTCQX:RDEMF), which aims to develop its Santa Rosa underground mine in Colombia. I'll start with providing some background information on the project, whereafter I will use the Preliminary Economic Assessment to alter some assumed inputs to see how robust the project is using different gold prices. Thereafter, I will discuss the main risks involved with investing in Red Eagle Mining, and subsequently, how I think this project will be funded and why I think the funding risk is very low. This will result in my investment thesis at the end of this article.
Source: Technical Report
As the volume on the US Exchanges is quite...
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