EGA 0.00% 28.5¢ egan street resources limited

Let it churn from weak to strong hands. If people can't read the...

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  1. 10,813 Posts.
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    Let it churn from weak to strong hands. If people can't read the hint from the ore sorting announcement that we are going to see a major upgrade in the MRE then that is their choice.

    For the obtuse, the cutoff in the December 2017 MRE was 5g/t. The ore sorting allows EGA to upgrade the ore 3x. This means the grade cutoff in the upcoming MRE will be 1.66g/t (assuming nothing else changes). Think how many more oz this is going to drag into the MRE and the effect this will have on the DFS.

    This is before we even consider the oz in the Woodley's East Shear that were not part of the earlier MRE, but which we have been told will to be part of the imminent MRE.

    /s I think this is telling us that selling is a great idea /s
 
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