EGA is such a strange animal that we could end up with run on Monday or it could be ignored until EGA starts producing in 2019.
I am feeling rather confident that the DFS will be much bigger than almost everyone expects. Rothsay is a proven high-grade deposit (always best to look for gold where gold has been found), but it is basically greenfield below 30m for most of the shears. Given the amount of drilling being done we could be looking at a major resource upgrade from what was in the PFS. Add in the rising gold price and the impact of X-ray sorting on the capex requirements and we have all the ingredients for a very profitable mine.
About the only thing we are missing is the hype.
EGA Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
