And as far as timing goes, they floated into the late 2016 gold rally. Hit the market with a burst of excitemt and then straight into the post Trump correction!
The management team seems to know what they are doing and getting on with the job as fast as possible now they have cash in the hand.
I'm very interested to see what comes of the latest drilling in the north of the deposit. Some good strikes here and it's closer to a 200k oz /5 year LOM proposition. If they can produce 40k+ oz a year at an AISC around $1050, that should supply ample cash to explore the other shears on the leases and maybe find something just as big as the currant desposit.
EGA Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held
