EGO...yeah it's an interesting one. Overhyped is one word to describe it.
I just can't believe that someone was able to pick these up at 20cents today! 20cents! The seller at that price was only attributing 7M in EV to everything that this company now has going for it.
My assumption is that, like most African coal deposits, this will get about a 35:65 split between export and domestic coal when it comes to actually mining/selling the product down the track. Some of the seams simply won't be good enough quality to send overseas, but there will also be some portions with high grade export quality that currently sell for over $110/t.
HDG Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
