EGA 0.00% 28.5¢ egan street resources limited

If you factor in the ore sorter, the head grade could be around...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,325 Posts.
    lightbulb Created with Sketch. 120
    If you factor in the ore sorter, the head grade could be around 10g/t. Putting 10g/t grade ore on a truck could make sense economically. Would have to be trucked a fair distance though.

    On the topic of the ore sorter, Taylor Collison has put a $5mill capex value, which given what PNR are budgeting (closer to $2mill), seems excessive. Budgeting $2mill would take their total capex down from $39mill to $36mill, and almost remove the need for the additional CR they mention (@$5mill) for project financing (assuming 50% debt) .

    I think the boys will be working very hard to make this the last CR ever.
 
watchlist Created with Sketch. Add EGA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.