Eagle Hills' actually a spin-off from Noront Resources, which decided to farm its gold properties off into Eagle. With the release of a hot drill result early last spring, the stock quickly quadrupled from 15 cents or so to 60 cents. The bloom later coming off the rose, it fell back to as low as 18 cents after the run-up and as low as 17 cents during a time when many junior explorers were going on tears. It's another left-behind.
Although not at the stage where it has yet come up with a resource calculation, due to the complexity of the Windfall deposit, it's well on its way to doing so. The drill result that got the stock motoring last March 10th scored 19.61 g/t of gold over 33 metres of drill core. That's a bonanza-grade hole. Other headline holes have been less spectaular, but all of them have been at least okay if not decent. The news releases show what they've done, as does an assay-results table.
It might be the curse of the former darling, but Eagle Hill hasn't shot up on even very good drill holes. Perhaps it's the complexity of the deposit, or perhaps it's after-the-fact disappointment after expectations got too high.
Below is the stock's one-year chart, from Stockwatch.com:
The Moral Of The Story: Sometimes it pays to look at a fallen star, as the company still has produced the same results that made it a star in the first place. The picture might even be better as new results expand the deposit. However...there's a risk in playing the fallen angels. Because of post-rocket disgust, the company often has a bad name simply because the stock went too high in the past. This give the stock a falling-knife aspect that might result in a loss when others gain, as the above chart shows. Any company like this one has to be examined carefully for long-term viability and held on to patiently if it cuts the mustard.
Disclosure: None.
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