Aggressive resource expansion drilling - Now - May + ongoing
Definitive Feasibility Study - April
Financing - March - June
Begin construction - July - Aug
First Gold Q1 2019...
There is currently 200k oz in the mining plan, this will likely be 300 oz + by DFS, with production up to 80k o.z p.a and AISC below $1000 oz.
LOM will be around 4-5 years, but highly likely they will find lots more gold at Rothsay to replace depleted ounces. This is both at depth and along the other ultramafic shears.
This will be a highly profitable mine for many years IMO.
DYOR
EGA Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held