EGA 0.00% 28.5¢ egan street resources limited

ASX's most undervalued Gold Stock, page-46

  1. 7,325 Posts.
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    We are due at least 21 RC holes and several DD hole assays next week. Should be trading at 40c min.

    I just don't see where else you can pick up 2019 gold production at such a low cost on the ASX?

    Great management, good key shareholders backing the project, bankable feasibility only 3-4 months away, resource upgrade before then, shed loads of strike to explore, low capex, high grade, 80k p.a production potential, AISC in the $900’s...it just ticks every box.

    And now AUD gold pushing $1700 again. USD going down the toilet. Gold looking strong for 2018-2020.

    These guys will have a $700 +\- margin per oz at current prices. And you can buy that today on the ASX for about $72 per oz.

    So I can buy today at $72, something that will generate $700 free cash flow in 18 months time! I feel well compensated for any execution risk here.

    What am I missing??
 
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