It's as close to a sure bet i can find on the ASX, very limited downside IMO. The issue is it's being held back by the IPO structure. That should be resolved by early March, with the DFS due shortly after. Financing should be relatively simple and construction could start within 6 months in all goes to plan.
Three rigs drilling, it's time for Rothsay to give up some of its secrets and live up to the potential we all see in it. The proof will be in the diamond drill core.
EGA Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held