This is exactly what they are doing now, what about PNR? They have a 370k oz resource and 55k oz production with a $170mill MC. I think when you are talking high grade, narrow vein underground mining, you don't need a 10-year mine life. If Rothsay had 1mil oz and 100k production over 10 years, the MC would be $400mill+ !
So yes I'm hoping all the drilling over the next 5-6 months is a true game-changer for EGA. The potential is real.
EGA Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held