ASX's most undervalued Gold Stock, page-51

Surely it won't be down. EGA has completely ignored the recent gold rally, and the good news is dumped into. It's crazy cheap, for what will be an 80k oz p.a producer in a few years time.

On the ore-sorter, PNR is the closest example to EGA i can find. They have a 220kt mill and with the help of an ore-sorter are targeting production of 80k-100k p.a. By using the ore sorter, they have reduced the capital needed to do this from $10mill to around $2mill.

The effects on EGA will be similar IMO.

PNR currently produces about 55k oz p.a. (annualised), at just over $1150 AISC. MRE is 377,00 oz @7.4g/t.



Buying EGA now is like buying PNR is 2015/16 IMO. When EGA gets going, it could go a lot higher.