EGA 0.00% 28.5¢ egan street resources limited

Thanx for your replies Davisite & Wombat,Makes sense that the...

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    Thanx for your replies Davisite & Wombat,


    Makes sense that the DFS is supposed to be within 15% of the real ASIC and is done by independent consultants.  I had previously thought perhaps company Directors put out their own guesstimates so did not know if the figures could be relied upon in the slightest.  With narrow vein mining I wonder if there is any studies on the actual differences that were found between what was forecast and what the actual aisc turned out to be in practice.  I guess it must be very challenging to estimate with accuracy in advance.


    Months ago I did attend a seminar where EGA made a presentation.  From memory I think Marc advised they tried one sorter initially but the performance was not impressive in some respects and then tried another which they were happier with.  Though I don't recall which was which. 


    With the markets being shaky lately could this have a bearing on ega ability to secure finance?

 
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