Interesting results. Good bang for buck on exploration spend. I'm watching to see what comes of this current 2580m drill campaign. The valuation isn't compelling at the moment at NPV of $18.6mill, but that will go up now and could again with this next round of drilling.
I like the high grades, low start up costs and proven processing recoveries. It's more of an exploration play at current prices though. There is something about all those old timer single man workings, plus the latest drill hole results that makes me think these is plenty of high-grade gold in the area...
EGA Price at posting:
24.0¢ Sentiment: Hold Disclosure: Not Held
