Mining costs and dilution always an issue, that's why you want a good production team in place. Early days on drill results and we should get a better indication of costs with the DFS. The reaction to CMM has been brutal, i can only think that CAPEX is the issue and the market has taken the view that raising $140mill in the current environment isn't likely or only likely with massive dilution of existing shareholders. Low capex project companies like EAR and KIN have fared better. EGA has low capex, so I'm happy with that.
EGA Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
