EGA 0.00% 28.5¢ egan street resources limited

Ann: New Bonanza Hits of up to 776g/t Gold, page-14

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  1. 278 Posts.
    lightbulb Created with Sketch. 73
    I don't think its the fact that it's "too cheap".


    The issues I see with EGA are as follows:

    - Low reserves

    - Short Life of Mine

    - Low Liquidity

    - Lack of long-term growth (given they only have one mine in the pipeline)


    I think investors are willing to wait and sit out to see what happens with EGA in the next 2-3 years.


    As we start to build cash and expand our reserves we should see more interest. Every company has to start from somewhere (if you look at SBM/SAR/RSG/DRM - they all floated around the bottom).


    Cheers. GLTAH and DYOR.


 
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Currently unlisted public company.

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