By my calculations they have been drilling for about6/7 weeks now, my bet is we see some results and the MRE upgrade just before the RRS conferences (5-7th December).
Then I'm hoping we see regular exploration updates every 4/5 weeks until DFS is delivered in April.
EGA continues to fly under the radar, with some of the lowest Hotcopper engagement of all the goldies i follow.
A quick look at the PFS sensitivities. At $1700, NPV is $74mill, IRR 70%. And this if before the two MRE upgrades we are expecting before the DFS. The first of which we should see in about 3 weeks.
EGA Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held