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28.5¢ egan street resources limited

Thoughts from the HC universe?

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Barolobill

7,325 Posts.

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18/10/17

18:00

Post #: 28007973
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Originally posted by Barolobill ↑

It's time to pass the baton from AQQ to EGA...

EGA is in my books at least, the most undervalued gold play on the ASX right now.

EGA will be a significant gold producer within the next 18 months, with huge exploration upside and a robust PFS already in the market. There is 4000m of infill DD assays due next week, two rigs drilling on the projects 14km of highly prospective strike for the next six months, a mineral resource upgrade due early December on the back of recent drilling success and a DFS due April 2018. CAPEX requirements are low, tight capital structure, metallurgy recovery high (95-96%), grade is high (11g/t+), AISC is low ($1020, but will improve into DFS) and the managment team is tip top. Also, has the support of Lion Selection (LSX) as the major shareholder.

Here are a few slides from a recent LSX presentation as part of their recent CR:

View attachment 779847
View attachment 779853

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Thoughts from the HC universe?

EGA Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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