EGA 0.00% 28.5¢ egan street resources limited

Ann: Hits up to 110g/t to Underpin a Resource Update at Rothsay, page-14

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  1. 7,325 Posts.
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    You might be right, the market never likes delays. There will be plenty of news flow over the next three months. Drilling on the Miners and Clyde shears only started a few weeks ago. Woodley's East will give more, as will Woodleys main.

    What is needed is a good hit on one of these parallel shears to get people excited. I.e an announcement that could imply a deposit of similar size and grade to Woodleys/east. If it looks like Rothsay is a 600-700k oz resource with exploration potential on top of that, then people will take notice at a MC of $20mill.

    We just need some proof, something to really sing about. I'll also be happy once these options are off the table in early March.
 
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