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28.5¢ egan street resources limited

I've said it before, certain markets are losing touch with...

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Barolobill

7,325 Posts.

120

08/11/17

16:50

Post #: 28613988
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Originally posted by Barolobill ↑

DGO - a 10 bagger in a couple of months...It's worth more than EGA now and will likely never produce an ounce. I for one have underestimated the momentum of the Pilbara gold rush. Once speculators start using their imaginations, and in the absence of hard facts, the sky really is the limit

The markets have priced in about 25mill oz of resources in the Pilbara players. That's a lot of gold.

The good news is no one knows how to disprove it, so it must be true Time will tell.

Investors love a narrative, be it electric cars, Wits 2.0 nugget gold or the internet changing the world (1999).

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I've said it before, certain markets are losing touch with reality a little, too much hot money sloshing around the world with nowhere to go. Plenty of money to be made yet, but the party will stop at some point.

EGA Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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