EGA 0.00% 28.5¢ egan street resources limited

I see EGA as more for investors than speculators, although both...

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  1. 7,325 Posts.
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    I see EGA as more for investors than speculators, although both could be in for a ride in 2018.

    They just need to get on and start building the mine now. The below is from the recent IIR report:

    That's from 216k oz over 5 years. (A touch above the PFS case at 200k oz).

    Just shows you that if they can find a little more gold, the additional FCF and EBITA generation will be huge. Given that all the CapEx is covered by the base case scenario. I.e additional production can be processed without much additional capital, largely thanks to the ore sorting technology.

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Currently unlisted public company.

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