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28.5¢ egan street resources limited

It is also worth noting that there are not a lot of shares.so...

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dwjd

727 Posts.

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30/10/18

23:01

Post #: 36322993
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Originally posted by Davisite: ↑

I assume you are not an investor in mineral exploration companies by this comment. By industry standards the wages and admin costs are moderate for a company like EGA.

EGA is not going to be the next NST or SAR, but it is not trying to be them either. It is a small to mid sized gold developer aiming to produce around 50 to 60,000 oz of gold per year starting in 12 months time. EGA has a very clear and fully costed plan (the DFS) that it working towards implementing and if they manage to do this they will be worth a lot more than $24 million. There are certainly plenty of risks, but I think the rewards are greater. Such is the fun of investing in this part of the market.

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It is also worth noting that there are not a lot of shares.so once debt paid out should get a reasonably good little dividends plan ???? dwjd

EGA Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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