I agree EGA is unloved, but not for good reason. So far everything has been going very well (better than expected) and we are only weeks away from the DFS. I can't find a rational reason for why EGA is so unloved, but it is. When I first invested I did so on the chance that it would remain unloved all the way through to production and it is looking more and more likely that this is what is going to happen.
In the end the market will catch up. A 80k oz producer at under $1000 AISC is not going to have an EV of $22 million.
EGA Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
