EGA 0.00% 28.5¢ egan street resources limited

Ann: More High-Grade Hits at Rothsay Gold Project, page-88

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  1. 7,325 Posts.
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    I think you always need to know where you are on this graph with miners:

    Hard to know, but i do see most of the Pilbara players getting close to the sell zone. DRG has had strong momentum from 4c, that might not change for a while. If we use say $70 per oz of resource as a yardstick, at current valuation has them delineating about 850k oz as a JORC MRE. Seems at the top end for now as even if this new lode is continuously mineralised over 1.1km, it will need depth and very high grade to get there. How many DD/RC holes will they need to drill? A lot and it will take time.

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    Last edited by Barolobill: 21/11/17
 
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