I posted on 2/23 that it looked like EAS was ready to make a big move. We closed that day at 4.02. Right now the sp broke the 4.70 final resistance and I expect it to march higher from here.
Since my last post, news has been good in the short time frame between then and now.East Asia Drills 3.28 g/t Gold Over 61 Metres Within 116 Metres Grading 2.18 g/t Gold; Zone Opened Further North and to Underlying Stratiform Alteration8:55AM ET on Tuesday Mar 02, 2010 via CNW Group
East Asia Minerals Intercepts New Zone Grading 1.68 g/t Gold Over 24 Metres Within 60.5 Metres Grading 1 g/t Gold, Stratigraphically Below 116 Metres Grading 2.18 g/t Gold in Miwah Main Zone7:56AM ET on Thursday Mar 04, 2010 via CNW Group
East Asia Receives Indonesia Government Approved IUP "Mining Licence" Confirming Tenure of Barisan II Under New Mining Law8:03AM ET on Monday Mar 08, 2010 via Market Wire
News is flowing abundantly, drills are turning, and the resource keeps growing. Some peoples models are estimating 9+mil oz. If Moon river and sipopok end up as good as the main zone, then we're looking at >20mil oz. That's huge.
I am not selling a share and am trying to free up cash to get more. Be careful trying to take a position as there are not many on the ask. Go figure, who would sell this stock right now.
Remember always DYODD.