EGA 0.00% 28.5¢ egan street resources limited

Ann: More High-Grade Hits at Rothsay Gold Project, page-43

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  1. 7,325 Posts.
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    Why would you sell out now? The next 6 months are going to make EGA still dirt cheap.

    I think some of it comes down to people looking at the resource and LOM and comparing to open pit operations, not realising that underground mines can have very long lives once in production and drilling can be done from within the mine at depth.

    The key is that Capex is low and grade is high, Rothsay will get into production again soon and would/will be very, very profitable at $1670 AUD gold.
 
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