This is a little rushed, the DFS estimates are my own, the Scoping and PFS are from EGA releases:
What i'm saying is that Rothsay is likely to produce between 50k oz - 80k oz over 5 years, for a total of 356 k oz mined at an AISC @$1000. That gives the project a NPV (8%) around $120mill (at $1650 gold). LOM extensions are highly likely, with so much strike unexplored, and plenty of scope to continue at depth.
Capex is likely to be around $35-40mill, with a rapid payback period.
EGA Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
