EGA certainly is a backwater, but the real value is long terms so I am happy to hold and get the 50% CGT discount
The nice thing about the ore sorters is you can just add more if you need. They really are a game change for resources like Rothsay that are high grade, but narrow since you can avoid the ore dilution that comes with chasing a narrow vein.
An interesting question that was sort of hinted at in this announcement is can the old tailings at Rothsay be put through the sorter. I have seen this done with other tailings and I suspect that there is a fair amount of gold sitting around on the surface at Rothsay that might be easily accessible now. This would really get the AISC down and speed up production.
EGA Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held