Yes mate, a small loss. Can't win them all. Can see this going...

Yes mate, a small loss. Can't win them all. Can see this going the way of CMM and not doing much until production starts. The exploration success or lack thereof was the kicker. EGA hasn't been a disaster, is fairly valued and the project is solid, it just needs to find more gold. I've allocated the funds to DCN and GMD for now.

Having said that, the price will probably rocket up

Can you name a recent gold DFS/BFS/PFS that uses a 5% discount rate? Remember when they used 5% for the scoping and had to rectify and re-announce at 8%?

At 5% $100 in 4 years time is worth $82.27 today, at 8% it's $73.50.