ASX's most undervalued Gold Stock, page-141

It's an excellent question. For me EGA has always been about exploration potential. Perhaps they have spent too much time on Woodleys and getting to the DFS, but in reality the exciting regional exploration has only just begun. So you could argue that we are in the pre-discovery phase as well. The problem is, both pre-discovery and feasibility stages are characterised by flat SP action, and that is exactly what we are seeing.


So to get the SP moving, we need either discovery or the start of development, including Being fully financed. With 3 rigs drilling and the first holes on the Clyde and Miners shears, discovery is a real possibility. Just need some luck...