EGA 0.00% 28.5¢ egan street resources limited

Ann: Appointment of Chief Financial Officer, page-8

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  1. 7,325 Posts.
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    To put it into perspective BRB has had 2 RC and one DD rig drilling Bombora at Lake Roe (now 2 DD). They were getting about 1000m DD and 5000m RC drilling a month per rig.

    So with 14km of strike and multiple targets on all shears, the news flow will be significant for EGA over the next 6 months, with a resource upgrade algrady baked in (due early Dec) and a expanded DFS due in about 6 months as well (April 2018).

    MC is still only $23mill, so plenty of room to move higher. Volume has picked up over the last couple of months, some slow accumulation going on and nice to see some liquidity.
 
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