To put it into perspective BRB has had 2 RC and one DD rig drilling Bombora at Lake Roe (now 2 DD). They were getting about 1000m DD and 5000m RC drilling a month per rig.
So with 14km of strike and multiple targets on all shears, the news flow will be significant for EGA over the next 6 months, with a resource upgrade algrady baked in (due early Dec) and a expanded DFS due in about 6 months as well (April 2018).
MC is still only $23mill, so plenty of room to move higher. Volume has picked up over the last couple of months, some slow accumulation going on and nice to see some liquidity.
EGA Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held