Hopefully, you won't have to wait long for confirmation The CR has allowed a massive acceleration in exploration with those two rigs spinning as I type. Everything is close and thus should be cost-effective to develop and mine. Any discovery is cream and can be quickly incorporated into the mine plan.
EGA will soon be an 80k-100k oz producer with good visibility on mine life. At that point (assuming POG holds up over the next few years) the valuation could easily be $150mill+. With minimal debt and a rapid payback period, it could work out very well for shareholders. Success at Rothsay will open up other opportunities as well. I'm not saying this is the next NST, but possibly a baby NST
Either way, it's way undervalued at present. Should be closer to $40mill MC.
EGA Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held