Yep, the goldies are out of favour for now. That could change quickly and EGA is set up nicely to profit from anything above $AUD1600 gold.
I can see gold being range bound for a while, but a lower AUD should compensate and make mining very profitable for local producers.
For me the standout quality for EGA is the management team and board. Just need to wait and watch this flower next year
Have you looked at STM? Ecuador is hot property for gold and copper right now and few local investors seem to be taking notice. Well, some have, the SP has moved off lows around 1.5c and has attracted some insto investors. But could have a long way to go if they discover something. Drilling should start by the end of december with early results in Q1 18.
EGA Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
