EGA 0.00% 28.5¢ egan street resources limited

It is hard to know what the mining cost will be at this stage,...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 10,813 Posts.
    lightbulb Created with Sketch. 863
    It is hard to know what the mining cost will be at this stage, but in the last announcement they were talking about being able to use larger and more efficient equipment as they can run wider ore drives. You are moving more rock, but with larger equipment so it is a bit of swings and roundabouts. My guess is we are going to see a new cutoff around 2.5g/t which is still going to make a massive difference to the MRE.

    Where the real saving will be made is on the capex of the plant.
    Last edited by Davisite: 07/05/18
 
watchlist Created with Sketch. Add EGA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.